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Exercise 15.13 (Algo) Transactions in held-to-maturity, trading, and stock investments LO P1, P2, P4 a. On February 15, paid $180,000 cash to purchase GMi's 90

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Exercise 15.13 (Algo) Transactions in held-to-maturity, trading, and stock investments LO P1, P2, P4 a. On February 15, paid $180,000 cash to purchase GMi's 90 -day short-term notes at par. which are dated February 15 and pay 10% interest (classified as held-to-maturity) b. On March 22 , bought 650 shates of Fran incorporated common stock at $37 cash per share Cancun's stock investment results. in it having an insignificant influence over Fran. c. On Moy 15 , receved a check from GMi in payment of the principal and 90 days' interest on the notes purchased in part d. On July 30 , paid \$54,000 cash to purchase MP Incorporated's 9%, six-month notes at par, dated July 30 (classified as trading securities) e. On September 1 received a $048 per share casti dividend on the Fran incorporated common stock purchased in part b. f. On October 8 , sold 325 shares of fran incorporoted common stock for $43 cash per share 9. On October 30 , recelved a check from MP incorporated for three months interest on the notes purchasied in part d Prepare journol entries to record the above transoctions involving both the short term and long-term irvestments of Concun 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 234567 On February 15, pais \$180,000 cash to purchase GMIs 90-day ahiorte-term notes at paf, which are dated February 15 and pay 10 w interest (classdied as neld to-maturity) Dote Enter debits before crallts

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