Exercise 15-13 (Algo) Transactions in held-to-maturity, trading, and stock investments LO P1, P2, P4 a. On February 15, paid $160,000 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 900 shares of Fran Incorporated common stock at $36 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 $48,000 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 $0.40 per share cash dividend on the Fran Incorporated common stock purchased in part b. f. On October 8, sold 450 shares of Fran Incorporated common stock for $42 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 March 22, bought 900 shares of Fran Incorporated common stock at $36 cash per share. Cancun's stock investment results in it having an insignificant influence over Fran. Note: Enter debits before credits. Transaction General Journal Debit Credit b. Record entry Clear entry View general journal Journal entry worksheet On October 8, sold 450 shares of Fran Incorporated common stock for $42 cash per share. Note: Enter debits before credits. Transaction General Journal Debit Credit f. Record entry Clear entry View general journal Journal entry worksheet