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 $$74,000$ cash to purchase Houtte's $9\%,$ six$-$month debt securities 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.$)$

Journal entry worksheet

$1,2$

On August $1,$ paid $$74,000$ cash to purchase Houtte's $9\%$ six$-$month debt securities $($ $$74,000$ principal$),$ dated August $1.$

Note: Enter debits before credits.

$\backslash$table$[[$Transaction$,$General Journal,Debit,Credit$],[$a$.,$mem,$74,000,],[,$Ne$,,74,000],[,,,],[,,,],[,,,],[,,,]]$