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Business, 29.04.2021 03:10 yurlgurllmay

Prepare journal entries to record the following transactions involving the short-term securities investments of Krum Co., all of which occurred during year 2017. On August 1, paid $78,000 cash to purchase Houtte's 12% debt securities ($78,000 principal), dated July 30, 2017, and maturing January 30, 2018 (categorized as available-for-sale securities). On October 30, received a check from Houtte for 90 days' interest on the debt securities purchased in transaction a. (Use 360 days in a year. Do not round your intermediate calculations.)

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Prepare journal entries to record the following transactions involving the short-term securities inv...
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