required:

entry:

Exercise 15-4 Accounting for available-for-sale debt securities LO P3 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, pald $78,000 cash to purchase Houtte's 10%, six-month debt securities ($78,000 principal), dated August 1. b. On October 30, received a check from Houtte for 90 days interest on the debt securities in transaction o. (Use 360 days in a year. Do not round your intermediate calculations.) tot Journal entry worksheet