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 $10,720. June 6 Sells its entire investment in Kraft bonds for $11,350 cash. View transaction list Journal entry worksheet \\'U Purchases Kraft bonds as a short-term investment in trading securities at a cost of $10,720. Note: Enter debits before credits. May 07 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 $10,720. June 6 Sells its entire investment in Kraft bonds for $11,350 cash. View transaction list Journal entry worksheet