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H Exercise 15-5 (Algo) Accounting for available-for-sale debt securities LO P3 Prepare Krum Company's journal entries to record the following transactions involving its short-term investments

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H Exercise 15-5 (Algo) Accounting for available-for-sale debt securities LO P3 Prepare Krum Company'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 $74,000 cash to purchase Houtte's 11%, six-month debt securities (574,000 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.) ce View transaction list Journal entry worksheet

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