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Porter Brothers Company Purchased a Debt Investment for $80,000 on January

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Porter Brothers Company purchased a debt investment for $80,000 on January 1, 2017. On January 1, 2018, Porter received cash interest of $4,000. Which of the following correctly presents the journal entries for the purchase and the receipt of interest? Porter Brothers Company purchased a debt investment for $80,000 on January 1, 2017. On January 1, 2018, Porter received cash interest of $4,000. Which of the following correctly presents the journal entries for the purchase and the receipt of interest?

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