Question

Prepare journal entries to record the following transactions involving the short-term securities investments of Natura Co., all of which occurred during year 2013.
a. On June 15, paid $1,000,000 cash to purchase Remedy’s 90-day short-term debt securities ($1,000,000 principal), dated June 15, that pay 10% interest (categorized as held-to-maturity securities).
b. On September 16, received a check from Remedy in payment of the principal and 90 days’ interest on the debt securities purchased in transaction a.




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  • CreatedNovember 26, 2013
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