Un ivay recelved a cneck trom Givi in payment or the principal ana yu aays interest on the notes purcnasea in part

d On July paid $ cash to purchase MP Incorporated\'s sixmonth notes at par, dated July classified as trading securities

e On September received a $ per share cash dividend on the Fran Incorporated common stock purchased in part

f On October sold shares of Fran Incorporated common stock for $ cash per share.

g On October received a check from MP Incorporated for three months\' interest on the notes purchased in part

Prepare journal entries to record the above transactions involving both the shortterm and longterm investments of Cancun Corporation, all of which occurred during the current year.

Note: Use days in a year. Do not round your intermediate calculations. Round your answers to the nearest whole dollar.

On February paid $ cash to purchase GMI\'s day shortterm notes at par, which are dated February and pay interest classified as heldtomaturity

b On March bought shares of Fran Incorporated common stock at $ cash per share. Cancun\'s stock investment results in it having an insignificant influence over Fran.

c On May received a check from GMI in payment of the principal and days\' interest on the notes purchased in part

d On July paid $ cash to purchase MP Incorporated\'s sixmonth notes at par, dated July classified as trading securities

e On September received a $ per share cash dividend on the Fran Incorporated common stock purchased in part

f On October sold shares of Fran Incorporated common stock for $ cash per share,

g On October received a check from MP Incorporated for three month\' interest on the notes purchased in part

Prepare journal entries to record the above transactions involving both the shortterm and longterm investments of Cancun Corporation, all of which occurred during the current year.

Note: Use days in a year. Do not round your intermediate calculations. Round your answers to the nearest whole dollar.