Prepare journal entries to record the following transactionsinvolving the short-term securities investments of Natura Co., allof which occurred during year 2015.
a. On June 15, paid $122,000 cash to purchase Remedyâs 90-dayshort-term debt securities ($122,000 principal), dated June 15,that pay 9% interest (categorized as held-to-maturitysecurities).
b. On September 16, received a check from Remedy in payment of theprincipal and 90 days' interest on the debt securities purchased intransaction a. (Use 360 days in a year. Do notround your intermediate calculations.)
Journal Entry Worksheet
On June 15, paid $122,000 cash to purchase Remedyâs 90-dayshort-term debt securities ($122,000 principal), dated June 15,that pay 9% interest (categorized as held-to-maturitysecurities).
On September 16, received a check from Remedy in payment of theprincipal and 90 days' interest on the debt securities purchased intransaction a.
Transaction General Journal Debit Credit
a
*Enter debits before credits
Journal Entry Worksheet
On June 15, paid $122,000 cash to purchase Remedyâs 90-dayshort-term debt securities ($122,000 principal), dated June 15,that pay 9% interest (categorized as held-to-maturitysecurities).
On September 16, received a check from Remedy in payment of theprincipal and 90 days' interest on the debt securities purchased intransaction a.
Transaction General Journal Debit Credit
b
*Enter debits before credits
Prepare journal entries to record the following transactionsinvolving the short-term securities investments of Natura Co., allof which occurred during year 2015. |
| a. | On June 15, paid $122,000 cash to purchase Remedyâs 90-dayshort-term debt securities ($122,000 principal), dated June 15,that pay 9% interest (categorized as held-to-maturitysecurities). | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| b. | On September 16, received a check from Remedy in payment of theprincipal and 90 days' interest on the debt securities purchased intransaction a. (Use 360 days in a year. Do notround your intermediate calculations.) Journal Entry Worksheet On June 15, paid $122,000 cash to purchase Remedyâs 90-dayshort-term debt securities ($122,000 principal), dated June 15,that pay 9% interest (categorized as held-to-maturitysecurities). On September 16, received a check from Remedy in payment of theprincipal and 90 days' interest on the debt securities purchased intransaction a.
*Enter debits before credits Journal Entry Worksheet On June 15, paid $122,000 cash to purchase Remedyâs 90-dayshort-term debt securities ($122,000 principal), dated June 15,that pay 9% interest (categorized as held-to-maturitysecurities). On September 16, received a check from Remedy in payment of theprincipal and 90 days' interest on the debt securities purchased intransaction a.
*Enter debits before credits |
