a. On February 15 , paid $120,000 cash to purchase GMl's 90-day short-term notes at par, which are dated February 15 and pay 9% interest (classified as held-to-maturity). b. On March 22, bought 650 shares of Fran Incorporated common stock at $32 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 $36,000 cash to purchase MP Incorporated's 8%, sixmonth notes at par, dated July 30 (classified as trading securities). e. On September 1 , received a $0.28 per share cash dividend on the Fran Incorporated common stock purchased in part b. f. On October 8 , sold 325 shares of Fran Incorporated common stock for $38 cash per share. g. On October 30 , received a check from MP Incorporated for three months' interest on the notes purchased in 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. (Use 360 days in a year. Do not round your intermediate calculations. Round your answers to the nearest whole dollar.) Journal entry worksheet On February 15, paid $120,000 cash to purchase GMI's 90-day short-term notes at par, which are dated February 15 and pay 9% interest (classified as held-to-maturity). Note: Enter debits before credits. Journal entry worksheet On March 22 , bought 650 shares of Fran Incorporated common stock at $32 cash per share. Cancun's stock investment results in it having an insignificant influence over Fran. Note: Enter debits before credits. Journal entry worksheet On May 15 , received a check from GMI in payment of the principal and 90 days' interest on the notes purchased in part a. Note: Enter debits before credits. Journal entry worksheet 1 7 On July 30 , paid $36,000 cash to purchase MP Incorporated's 8%, six-month notes at par, dated July 30 (classified as trading securities). Note: Enter debits before credits. Journal entry worksheet 7 On September 1 , received a $0.28 per share cash dividend on the Fran Incorporated common stock purchased in part b. Note: Enter debits before credits