Capitulo $15($i$)$

$1$ Exercise $15-4($Static$)$ Accounting for held$-$to$-$maturity debt securities LO P$2$

Prepare Natura Company's journal entries to record the following transactions involving its short$-$term investments in held$-$to$-$maturity debt securities$,$ all of which occurred during the current year.

$2$

points

a$.$ On June $15,$ paid $$1,000$ cash to purchase Remed's $90-$day short$-$term debt securities $($ $$1,000$ principal$),$ dated June $15,$ that pay $10\%$ interest.

b$.$ On September $16,$ received a check from Remed in payment of the principal and $90$ days' interest on the debt securities

eBook purchased in transaction $a.$

Hint

Note: Use $360$ days in a year. Do not round your intermediate calculations.

Journal entry worksheet

$12$

On June $15,$ paid $$1,000$ cash to purchase Remed's $90-$day short$-$term debt securities $($ $$1,000$ principal$),$ dated June $15,$ that pay $10\%$ interest.

Note: Enter debits before credits.

$\backslash$table$[[$Transaction$,$General Journal,Debit,Credit$],[$a$,,,],[,,,]]$