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Prepare Natura Co.'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
Prepare Natura Co.'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 $290,000 cash to purchase Remed's 90-day short-term debt securities ($290,000 principal), dated June 15, that pay 9% 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 (Use 360 days in a year. Do not round your intermediate calculations.) View transaction list View journal entry worksheet No Transaction 1 a Cash 2 b. No Transaction Recorded General Journal Debit Credit 290,000
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