Prepare Company's journal entries to record the following transactions involving its short$-$term investments in held$-$to$-$maturity debt securities$,$ all of which occurred during the current year.

a$.$ On June $15,$ paid $$198,000$ cash to purchase Remed's $90-$day short$-$term debt securities principal$),$ dated June $15,$ that pay $5\%$ interest.

b$.$ On September $16,$ received a check from Remed in payment of the principal and $90$ days' interest on the debt securities purchased in transaction a$.$

Note: Use $360$ days in a year. Do not round your intermediate calculations.

Journal entry worksheet

$1$

$2$

On June $15,$ paid $$198,000$ cash to purchase Remed's $90-$day short$-$term debt securities $($ $$198,000$ principal$),$ dated June $15,$ that pay $5\%$ interest.

Note: Enter debits before credits.

Transaction

General Journal

Debit

Credit

Rrey

$6$ of $11$

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