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Prepare Hertog Company's journal entries to record the following transactions for the current year May 7 Purchases Kroft bonds as a short-term investment in trading

Prepare Hertog Company's journal entries to record the following transactions for the current year May 7 Purchases Kroft bonds as a short-term investment in trading securities at a cost of $10,370. June 6 Sells its entire investment in Kraft bonds for $11,100 cash

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