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On July 30 , paid $33,000 cash to purchase MP Incorporated's 9%, six-month notes at par, dated July 30 (classified as trading securities). Note: Enter

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On July 30 , paid $33,000 cash to purchase MP Incorporated's 9%, six-month notes at par, dated July 30 (classified as trading securities). Note: Enter debits before credits. On September 1 , received a $0.32 per share cash dividend on the Fran Incorporated common stock purchased in part b. Note: Enter debits before credits. On October 30 , received a check from MP Incorporated for three months' interest on the notes purchased in part d. Note: Enter debits before credits. On May 15 , received a check from GMI in payment of the principal and 90 days' interest on the notes purchased in part a. Note: Enter debits before credits. Journal entry worksheet On March 22, bought 950 shares of Fran Incorporated common stock at $42 cash per share. Cancun's stock investment results in it having an insignificant influence over Fran. Note: Enter debits before credits. On October 8 , sold 475 shares of Fran Incorporated common stock for $48 cash per share. Note: Enter debits before credits. 0. On February 15, paid $110,000 cash to purchase GMI's 90 -day short-term notes at par, which are dated February 15 and pay 10% interest (classified as held-to-maturity) b. On March 22, bought 950 shares of Fran Incorporated common stock at $42 cash per share. Cancun's stock investment results in it having an insignificant influence over Fran. c. On May 15, recelved a check from GMI in payment of the principal and 90 days' interest on the notes purchased in part a d. On July 30, paid \$33,000 cash to purchase MP Incorporated's 9%, six-month notes at par, dated July 30 (classified as trading securities) e. On September 1 , received a $0.32 per share cash dividend on the Fran Incorporated common stock purchased in part b f. On October 8 , sold 475 shares of Fran Incorporated common stock for $48 cash per share. 9. On October 30, received a check from MP incorporated for three months' interest on the notes purchased in part d Prepare joumal entries to record the above transactions involving both the short-ferm and long-ferm investments of Cancun Corporation, all of which occurred during the current year. Note: Use 360 days in a year. Do not round your intermediate colculations, Round your answers to the nearest whole dollar. Journal entry worksheet 234567 On February 15, paid $110,000 cash to purchase GMI's 90-day short-term notes at par, which are dated february 15 and pay 10% interest (classified as held-to-maturity). 1ote) Enter debits before credies

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