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 $10,930. June 6 Sells its entire investment in Kraft bonds for $11,500 cash. View transaction list Journal entry worksheet 1 Purchases Kraft bonds as a short-term investment in trading securities at a cost of $10,930. Note: Enter debits before credits Date May 07 General Journal Debit Credit Record entry Clear entry View general journal 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 $10,930. June 6 Sells its entire investment in Kraft bonds for $11,500 cash. View transaction list Journal entry worksheet 1 Sells its entire investment in Kraft bonds for $11,500 cash. Note: Enter debits before credits. Date June 06 General Journal Debit Credit Record entry Clear entry View general journal