Exercise 15-4 Accounting for available-for-sale debt securities LO P3 Prepare Krum Co.'s journal entries to record the following transactions involving its short-term investments in available-for-sale debt securities, all of which occurred during the current year a. On August 1, paid $78,000 cash to purchase Houtte's 10%, six-month debt securities ($78,000 principal), dated August 19 b. On October 30, received a check from Houtte for 90 days interest on the debt securities in transaction a (Use 360 days in a year. Do not round your intermediate calculations.) View transaction list Journal entry worksheet 1 2 On August 1, paid $78,000 cash to purchase Houtte's 10% six-month debt securities ($78,000 principal), dated August 1. Note Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general Journal Exercise 15-4 Accounting for available-for-sale debt securities LO P3 Prepare Krum Co's journal entries to record the following transactions involving its short-term investments in available for sale debt securities, all of which occurred during the current year. a. On August 1, paid $78,000 cash to purchase Houtte's 10%, six-month debt securities ($78,000 principal), dated August 1 b. On October 30, received a check from Houtte for 90 days interest on the debt securities in transaction a. (Use 360 days in a year. Do not round your intermediate calculations.) View transaction list Journal entry worksheet