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Prepare Natura Company's journal entries to record the following transactions involving its short-term investments in held-to-maturity debt securities, all of which occurred during the current
Prepare Natura Company's journal entries to record the following transactions involving its short-term investments in held-to-maturity debt securities, all of which occurred during the current year. a. On June 15 , paid $110,000 cash to purchase Remed's 90-day short-term debt securities ( $110,000 principal), dated June 15, that pay 5% interest. b. On September 16, received a check from Remed in payment of the principal and 90 days' interest on the debt securities purchased in transaction a. Note: Use 360 days in a year. Do not round your intermediate calculations. Journal entry worksheet On June 15, paid $110,000 cash to purchase Remed's 90 -day short-term debt securities ( $110,000 principal), dated June 15 , that pay 5% interest. Note: Enter debits before credits
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