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Prepare journal entries to record the following transactions involving the short-term securities investments of Krum Co., all of which occurred during year 2015. a. On

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Prepare journal entries to record the following transactions involving the short-term securities investments of Krum Co., all of which occurred during year 2015. a. On August 1. paid $66,000 cash to purchase Houtte's 9% debt securities ($66,000 principal), dated July 30. 2015. and maturing January 30. 2016 (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.) Journal Entry Worksheet On August 1, paid $66,000 cash to purchase Houtte's 9% debt securities ($66,000 principal), dated July 30, 2015, and maturing January 30, 2016 (categorized as available-for-sale securities)

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