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HELP PLS Prepare Krum Company's journal entries to record the following transactions involying its short-term investments in available-for-sale debt securities, all of which occurred during
HELP PLS
Prepare Krum Company's journal entries to record the following transactions involying its short-term investments in available-for-sale debt securities, all of which occurred during the current year: a. On August 1, paid $72,000 cash to purchase Houtte's 9%, six-month debt securities ( $72,000 principai), 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.) Journal entry worksheet 2 On August 1, paid $72,000 cash to purchase Houtte's 9% sbx-month debt securities ($72,000 principal), dated August 1. Nioter Enter debits before credits Step by Step Solution
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