Prepare journal entries to record the above transactions involving both the short-term and long-term investments of Cancun Corp

1 a 110,000 Short-term investmentsHTM (A.G.) Cash 110,000 2 b. 29,070 Long-term investments-AFS (Fran) Cash 29,070 3 C Cash 112,200 Short-term investmentsHTM (A.G.) OOO 110,000 2,200 Interest revenue 4 d. x 33,000 Short-term investmentsAFS (Fran) Cash 33,000 5 e. Cash 612 Dividend revenue 612 f. Cash 16,850 Long-term investmentsAFS (Fran) Gain on sale of long-term investments 16,925 5,000 X a. On February 15, paid $110,000 cash to purchase American General's 90-day short-term notes at par, which are dated February 15 and pay 8% interest (classified as held-to-maturity). b. On March 22, bought 850 shares of Fran Industries common stock at $34 cash per share plus a $170 brokerage fee (classified as long-term available-for-sale securities). c. On May 15, received a check from American General in payment of the principal and 90 days' interest on the notes purchased in transaction a. d. On July 30, paid $33,000 cash to purchase MP3 Electronics' 7% notes at par, dated July 30, 2017, and maturing on January 30, 2018 (classified as trading securities). e. On September 1, received a $0.72 per share cash dividend on the Fran Industries common stock purchased in transaction b. f. On October 8, sold 425 shares of Fran Industries common stock for $40 cash per share, less a $150 brokerage fee. g. On October 30, received a check from MP3 Electronics for three months' interest on the notes purchased in transaction d. Prepare journal entries to record the above transactions involving both the short-term and long-term investments of Cancun Corp., all of which occurred during calendar-year 2017. Use the account Short-Term Investments for any transactions that you determine are short term. (Use 360 days in a year. Do not round your intermediate calculations.)