Prepare Hertog Company's journal entries to record the following transactions for the current year. May 7 Purchases Kraft bonds as a short-term investment in trading securities at a cost of $9,950. June 6 Sells its entire investment in Kraft bonds for $10,340 cash. View transaction list Journal entry worksheet Purchases Kraft bonds as a short-term investment in trading securities at a cost of $9,950. Note: Enter debits before credits. Date General Journal Credit Debit 9.950 May 07 Debt investments - Trading Cash 9950 Journal entry worksheet Sells its entire investment in Kraft bonds for $10,340 cash. Note: Enter debits before credits. General Journal Debit Credit Date June 06