Prepare Krum Company's journal entries to record the following transactions involving its short-term investments in available-for-sale debt securities, all of which occurred during the current year. a. On August 1, paid $50,000 cash to purchase Houtte's 9%, six-month debt securities ($50,000 principal), dated August 1. b. On October 30, received a check from Houtte for 90 days' interest on the debt securities in transaction a Note: Use 360 days in a year. Do not round your intermediate calculations. View transaction list Journal entry worksheet On August 1, paid $50,000 cash to purchase Houtte's 9%, six-month debt securities ($50,000 principal), dated August 1. Note: Enter debits before credits. Transaction a General Journal Debit Credit Debt investments-Available-for-sale Cash Record entry Clear entry View general journal > Prepare Krum Company's journal entries to record the following transactions involving its short-term investments in available-for-sale debt securities, all of which occurred during the current year. a. On August 1, paid $50,000 cash to purchase Houtte's 9%, six-month debt securities ($50,000 principal), dated August 1. b. On October 30, received a check from Houtte for 90 days' interest on the debt securities in transaction a Note: Use 360 days in a year. Do not round your intermediate calculations. View transaction list Journal entry worksheet On October 30, received a check from Houtte for 90 days' interest on the debt securities in transaction a. Note: Enter debits before credits. Transaction General Journal Debit Credit b. Cash 1,700 Interest receivable 1,700 Record entry Clear entry View general journal