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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

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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 $76,000 cash to purchase Houtte's 11%, six-month debt securities ($76,000 principal), dated August 1 b. On October 30, received a check from Houtte for 90 days' interest on the debt securities in transaction a (Use 360 days in a year. Do not round your intermediate calculations.) View transaction list Journal entry worksheet

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