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Prepare Hertog Companys journal entries to record the following transactions for the current year. May 7 Purchases Kraft bonds as a short-term investment in trading

Prepare Hertog Companys 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 $11,070.
June 6 Sells its entire investment in Kraft bonds for $11,600 cash.
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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 $11,070. June 6 Sells its entire investment in Kraft bonds for $11,600 cash. View transaction list Journal entry worksheet Purchases Kraft bonds as a short-term investment in trading securities at a cost of $11,070. Note: Enter debits before credits. Date General Journal Debit Credit May 07

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