Journalize entries for stock investments.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Brief Exercises
Journalize entries for debt investments.
BEH.1 (LO 1), AP Craig Corporation purchased debt investments for $40,800 on January 1, 2022. On July 1, 2022, Craig received
cash interest of $1,660. Journalize the purchase and the receipt of interest. Assume no interest has been accrued.
Journalize entries for stock investments.
GRANT
Docombor 1 the
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