Exercise $15-13($Algo$)$ Transactions in held$-$to$-$maturity, trading, and stock investments LO P$1,$ P$2,$ P$4$

On February $15,$ paid $$180,000$ cash to purchase GMI's $90-$day short$-$term notes at par, which are dated February $15$ and pay $7\%$ interest $($classified as held$-$to$-$maturity$).$

On March $22,$ bought $1,000$ shares of Fran Incorporated common stock at $$27$ cash per share. Cancun's stock investment results in it having an insignificant influence over Fran.

On May $15,$ received a check from GMI in payment of the principal and $90$ days' interest on the notes purchased in part a$.$

On July $30,$ paid $$54,000$ cash to purchase MP Incorporated's $6\%,$ six$-$month notes at par, dated July $30($classified as trading securities$).$

On September $1,$ received a $$0\mathrm{.}56$ per share cash dividend on the Fran Incorporated common stock purchased in part b$.$

On October $8,$ sold $500$ shares of Fran Incorporated common stock for $$33$ cash per share.

On October $30,$ received a check from MP Incorporated for three months$$ interest on the notes purchased in part d$.$

Prepare journal entries to record the above transactions involving both the short$-$term and long$-$term investments of Cancun Corporation, all of which occurred during the current year.

Note: Use $360$ days in a year. Do not round your intermediate calculations. Round your answers to the nearest whole dollar.