Question: Complete each journal entry ( cannot contain long term investments or longterm investments - is no option in the drop down menu ) On February
Complete each journal entry cannot contain "long term investments" or "longterm investments is no option in the drop down menu
On February paid $ cash to purchase GMI's day shortterm notes at par, which are dated February and pay interest classified as heldtomaturity
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.
On May received a check from GMI in payment of the principal and days' interest on the notes purchased in part a
On July paid $ cash to purchase MP Incorporated's sixmonth notes at par, dated July classified as trading securities
On September received a $ per share cash dividend on the Fran Incorporated common stock purchased in part b
On October sold shares of Fran Incorporated common stock for $ cash per share.
On October received a check from MP Incorporated for three months interest on the notes purchased in part d
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