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Exercise 15-3 Accounting for held-to-maturity debt securities LO P2 Prepare Natura Co.'s journal entries to record the following transactions involving its short-term investments in held-to-maturity
Exercise 15-3 Accounting for held-to-maturity debt securities LO P2 Prepare Natura Co.'s journal entries to record the following transactions involving its short-term investments in held-to-maturity debt securities, all of which occurred during the current year. a. On June 15, paid $212,000 cash to purchase Remed's 90-day short-term debt securities ($212,000 principal), dated June 15, that pay 8% interest. b. On September 16, received a check from Remed 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.) On June 15, paid $212,000 cash to purchase Remed's 90-day short-term debt securities ($212,000 principal), dated June 15, that pay 8% interest. Note: Enter debits before credits. Transaction General Journal Debit Credit On September 16, received a check from Remed in payment of the principal and 90 days' interest on the debt securities purchased in transaction a. Note: Enter debits before credits. Transaction General Journal Debit Credit
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