HAWE 2023] ACCT 1011 - Section 03 urses / [Fanshawe 05/2023] ACCT 1011 - Section 03 / CHAPTER 8 - Investments / Chapter 8 Post-Class Homework AME ENGAGE Take me to the text Kaman Company paid $231,000 to purchase a portfolio of debt investments on March 1, 2023. Management's intention is to hold them for less than one year. Kaman Company does not intend to hold any debt investments until their maturity in this portfolio. Do not enter dollar signs or commas in the input boxes. For transactions with more than one debit or credit, enter the accounts in alphabetical order. Required a) Prepare the journal entry to record the purchase of these debt securities. Date Mar 1 Account Title and Explanation To record purchase of investments Debit Credit b) On March 15, 2023, Kaman Company received interest of $1,200 from the debt investments in this portfolio. Prepare the journal entry to record the receipt of interest.

2023] ACCT 1011 - Section 03 urses / [Fanshawe 05/2023] ACCT 1011 - Section 03 / CHAPTER 8 - Investments / Chapter 8 Post-Class Homework Take ine to the text Kaman Company paid $231,000 to purchase a portfolio of debt investments on March 1, 2023. Management's intention is to hold them for less than one year. Kaman Company does not intend to hold any debt investments untir their maturity in this portfolio. Do not enter dollar signs or commas in the input boxes For transactions with more than one debit or credit, enter the accounts in alphabetical order. Required a) Prepare the joumal entry to record the purchase of these debt securities, b) On March 15, 2023, Kaman Company received interest of $1,200 from the debt investments in this portfolio. Prepare the journal entry to record the eceipt of interest