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Prepare Natura Co.s journal entries to record the following transactions involving its short-term securities 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 securities investments in held-to-maturity debt securities, all of which occurred during the current year.
On June 15, paid $256,000 cash to purchase Remeds 90-day short-term debt securities ($256,000 principal), dated June 15, that pay 7% interest.
On September 16, received a check from Remed in payment of the principal and 90 days' interest on the debt securities purchased in the June 15 transaction.
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