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please answer parts 1-7 of the journal entry. Thank you. a. On February 15, paid $110,000 cash to purchase GM's 90 day short-term notes at
please answer parts 1-7 of the journal entry. Thank you. a. On February 15, paid $110,000 cash to purchase GM's 90 day short-term notes at par, which are dated February 15 and pay 9% Interest (classified as held to maturity) b. On March 22, bought 650 shares of Fran Inc. common stock at $34 cash per share, Cancun's stock Investment results in it having an insignificant influence over Fran. On May 15, received 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 Inc's 8% six-month notes at par, dated July 30 (classified as trading securitles), e. On September 1, received a $0.62 per share cash dividend on the Fran Inc. common stock purchased in part b. On October 8, sold 325 shares of Fran Inc. common stock for $40 cash per share. 9. On October 30, received a check from MP Inc. for three months' interest on the notes purchased in part 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 the current year (Use 360 days in a year. Do not round your intermediate calculations. Round your answers to the nearest whole dollar) View transaction list Journal entry worksheet 6 2 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 9% Interest (classified as held-to-maturity) Transaction General Journal Debat Credit
please answer parts 1-7 of the journal entry. Thank you.
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