Journal entries 1-7 listed below
These need to be entered into the table. Im lost!!!please help.
d. On July 30, paid$39,000 ashto purchase MP3 Electronics 6% notes at par, dated July 30, 2017, and maturing on January 30, 2018 (classified as trading securities). e. On September 1, received a $0.44 per share cash dividend on the Fran Industries common stock f. On October 8, sold 375 shares of Fran Industries common stock for $42 cash per share, less a $130 brokerage fee. O, received a check from MP3 Electronics for three months' interest on the notes purchased in transaction d Prepare journal entries to record the above transactions involving both the short-term and long-term investments of Cancun Corp, all of which occurred during calendar-year 2017 Use the account Short-Term short term. (Use 360 deys in o year. Do not round your intermediate calculations.) Investments for any transactions that you determine are View transaction list Journal entry worksheet On February 15, paid $130,000 cash to purchase American General's 90-day short-term notes at par, which are dated February 15 and pay 7% interest (classified as held-to-maturity). Note: Enter debits before credits Transaction General Journal Debit Credit Short-term investments-HTM (A G) 130,000 Cash 130,000 Record entry Clear entry View general journal View transaction list O on February 15, paid $130,00o cash to purchase American General's 90-day short-term notes at par which are dated February 15 and pay 7% interest (classified as held-to-maturity). 2 On March 22, bought 750 shares of Fran Industries common stock at $36 cash per share plus a s150 brokerage fee (classified as long-term available-for-sale securities). 3 On May 15, received a check from American General in payment of the principal and 90 days' interest on the notes purchased in transaction a. View transaction list On July 30, paid $39,000 cash to purchase MP3 Electronics's 690 notes at par, dated July 30, 2017, and maturing on January 30, 2018 (classified as trading securities) 4 5 On September 1, received a $0.44 per share cash dividend on the Fran Industries common stock purchased in transaction b. On October 8, sold 375 shares of Fran Industries common stock for $42 cash per share, less a $130 brokerage fee. 6 View transaction list Electronics's 690 notes at par, dated July 30, 2017, and maturing on January 30, 2018 (classified as trading securities) 5 On September 1, received a $0.44 per share cash dividend on the Fran Industries common stock purchased in transaction b. On October 8, sold 375 shares of Fran Industries common stock for $42 cash per share, less a $130 brokerage fee. 6 On October 30, received a check from MP3 Electronics for three months' interest on the notes purchased in transaction d. 7
