a. On August 1, paid

$50,000

cash to purchase Houtte's

9%

, six-month debt securities (

$50,000

principal), dated August 1 .\ b. On October 30 , received a check from Houtte for 90 days' interest on the debt securities in transaction

a

.\ Note: Use 360 days in a year. Do not round your intermediate calculations.

a. On August 1, paid $50,000 cash to purchase Houtte's 9%, six-month debt securities ($50,000 principal), dated August 1 . b. On October 30 , received a check from Houtte for 90 days' interest on the debt securities in transaction a. Note: Use 360 days in a year. Do not round your intermediate calculations