a$.$ On February $15,$ paid $$140,000$ cash to purchase GMI's $90-$day short$-$term notes at par, which are dated February $15$ and pay $8\%$ interest $($classified as held$-$to$-$maturity$).$

b$.$ On March $22,$ bought $600$ shares of Fran Incorporated common stock at $$34$ cash per share. Cancun's stock investment results in it having an insignificant influence over Fran.

c$.$ On May $15,$ received a check from GMI in payment of the principal and $90$ days' interest on the notes purchased in part a$.$

d$.$ On July $30,$ paid $$42,000$ cash to purchase MP Incorporated's $7\%,$ six$-$month notes at par, dated July $30($classified as trading securities$).$

e$.$ On September $1,$ received a $$0\mathrm{.}32$ per share cash dividend on the Fran Incorporated common stock purchased in part $b.$

f$.$ On October $8,$ sold $300$ shares of Fran Incorporated common stock for $$40$ cash per share.

g$.$ On October $30,$ received a check from MP Incorporated for three months' interest on the notes purchasedyn part $d.$

Prepare journal entries to record the above transactions involving both the short$-$term and long$-$term investments of Cancun Corporation, all of which occurred during the current year.

Note: Use $360$ days in a year. Do not round your intermediate calculations. Round your answers to the nearest whole dollar.

Journal entry worksheet

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On March $22,$ bought $600$ shares of Fran Incorporated common stock at $$34$ cash per share. Cancun's stock investment results in it having an insignificant influence over Fran.

Note: Enter debits before credits.

$\backslash$table$[[$Transaction$,$General Journal,Debit,Credit$],[$b$.,$Stock investments,,$],[,$Cash,,$]]$