Exercise 15-4 (Algo) Accounting for held-to-maturity debt securities LO P2 Prepare Natura Company's journal entries...
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Exercise 15-4 (Algo) Accounting for held-to-maturity debt securities LO P2 Prepare Natura Company's journal entries to record the following transactions involving its short-term investments in heldto-maturity debt securities, all of which occurred during the current year. a. On June 15, paid $278,000 cash to purchase Remed's 90 -day short-term debt securities ( $278,000 principal), dated June 15 , that pay 8% interest. b. On September 16, received a check from Remed in payment of the principal and 90 days' interest on the debt securities purchased in transaction a. Note: Use 360 days in a year. Do not round your intermediate calculations. Journal entry worksheet On June 15 , paid $278,000 cash to purchase Remed's 90 -day short-term debt securities ( $278,000 principal), dated June 15 , that pay 8% interest. Note: Enter debits before credits. Journal entry worksheet On September 16, received a check from Remed in payment of the principal and 90 days' interest on the debt securities purchased in transaction a. Note: Enter debits before credits
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