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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

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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 $74,000 cash to purchase Houtte's 8%, six-month debt securities ( $74,000 principai), dated August 1 . b. On October 30 , recelved a check from Houtte for 90 doys' interest on the debt securities in transaction a. Note: Use 360 days in a year. Do not round your intermediate calculations. Journal entry worksheet 2 On August 1, pald $74,000 cash to purchase Houtte's 8$6 six-month debt securities ( $74,000 principal), dated August 1. Nota: Enter debits before credits

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