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prepare journal entries to record the following transactions involving the short-term securities investments of maxwell co., all of which occurred during year 2011. A. on
prepare journal entries to record the following transactions involving the short-term securities investments of maxwell co., all of which occurred during year 2011. A. on February15, paid $100,000cash to purchase FTR's 90-day short-term debt securities ($100,000principle), dated February 15, that pay 8% interest (categorized as held-to-maturity securities). B. on May 16, received a check from FTR in payment of the principle and 90-days' interest on the debt securities purchased in transaction a
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