Question
Exercise 15-4 Accounting for short-term held-to-maturity securities LO P2 Prepare journal entries to record the following transactions involving the short-term securities investments of Natura Co.,
Exercise 15-4 Accounting for short-term held-to-maturity securities LO P2
Prepare journal entries to record the following transactions involving the short-term securities investments of Natura Co., all of which occurred during year 2017.
On June 15, paid $278,000 cash to purchase Remedys 90-day short-term debt securities ($278,000 principal), dated June 15, that pay 5% interest (categorized as held-to-maturity securities).
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.)
Journal entry worksheet 2 On June 15, paid $278,000 cash to purchase Remedy's 90-day short-term debt securities ($278,000 principal), dated June 15, that pay 5% 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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