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Prepare Krum Co.'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 Co.'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 $70,000 cash to purchase Houtte's 10%, six-month debt securities ($70,000 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 VU FIULIUuriu yuui elleuiaue LaLUIQLIULIS.) View transaction list Journal entry worksheet

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