Prepare journal entries to record the following transactions involving the short-term securities investments of Krum Co., all of which occurred during year 2017 a. On August 1, paid $60,000 cash to purchase Houtte's 10 % debt securities ($60,000 principal), dated July 30, 2017, and maturing January 30, 2018 (categorized as available-for-sale securities). b. On October 30, received a check from Houtte for 90 days' interest on the debt securities purchased in transaction a. (Use 360 days in a year. Do not round your intermediate calculations.) View transaction list Journal entry worksheet 1 2 On August 1, paid $60,000 cash to purchase Houtte's 10 % debt securities (categorized as available-for-sale securities maturing January 30, 2016 Note: Enter debits before credits. Transaction General Journal Debit Credit a. Record entry View general journal Clear entry Journal entry worksheet 1 2 On October 30, received a check from Houtte for 90 days' interest on the debt securities purchased in transaction a Note: Enter debits before credits. Transaction General Journal Debit Credit b. Clear entry Record entry View general journal