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Exercise C-5 (Algo) Accounting for available-for-sale debt securities LO P3 Prepare Krum Company's joumal entries to record the following transactions involving its short-term investments in

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Exercise C-5 (Algo) Accounting for available-for-sale debt securities LO P3 Prepare Krum Company's joumal entries to record the following transactions involving its short-term investments in available-for-sale debt securities, all of which occurred during the current yeat: a. O- A ugust 1, paid $80,000 cash to purchase Houtte's 10%, six-month debt securities ( $80,000 principal), dated August 1. b. C fober 30 , recelved 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.) 1 On August 1, paid \$80,000 cash to purchase Houtte's 10% six-month debt securities ( $80,000 principal), dated August 1. 2 On October 30 , received a check from Houtte for 90 dayst interest on the debt securives in transaction a

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