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Prepare Krum Company's journal entries to record the following transactions involving its short-term investments in...

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Accounting

Prepare Krum Company'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.
On August 1, paid $64,000 cash to purchase Houtte's 10%, six-month debt securities ($64,000 principal), dated August 1.
On October 30, received a check from Houtte for 90 days' interest on the debt securities in transaction a.
Note: Use 360 days in a year. Do not round your intermediate calculations. PLEASE CORRECT THAT VALUES AND THE DESCRIPTION THAT IS WRONG. THANK YOU!
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