S 15-3 (Algo) Accounting for debt investments classified as trading LO P1 Prepare Hertog Company's journal entries to record the following transactions for the current year. May 7 Purchases Kraft bonds as a short-term investment in trading securities at a cost of $10,440. June 6 Sells its entire investment in Kraft bonds for $11,150 cash. View transaction list Journal entry worksheet 1 2 Purchases Kraft bonds as a short-term investment in trading securities at a cost of $10,440. Note: Enter debits before credits. Date May 07 General Journal Debit Credit