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a. On June 15, paid $120,000 cash to purchase Remedy's 90-day short-term debt securities ($120,000 principal), dated June 15, that pay 8% interest (categorized as
a. On June 15, paid $120,000 cash to purchase Remedy's 90-day short-term debt securities ($120,000 principal), dated June 15, that pay 8% interest (categorized as held-to-maturity securities). b. On September 16, received a check from Remedy in payment of the principal and 90 days' interest on the debt securities purchased in transaction a. (Use 360 days in a year. Do not round your intermediate calculations.) View transaction list Journal entry worksheet 2 On June 15, paid $120,000 cash to purchase Remedy's 90-day short-term debt securities ($120,000 principal), dated June 15, that pay 8% interest (categorized as held-to-maturity securities) Note: Enter debits before credits. Transaction General Journal Debit Credit a. Record entry Clear entry View general journal
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