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Exercise 15-13 (Algo) Transactions in held-to-maturity, trading, and stock investments LO P1, P2, P4 a. On February 15. paid $140,000 cash to purchase GMi's 90 -day short-term notes at par, which are dated February 15 and pay 98 interest (classified as held-to-maturity). b. On March 22, bought 700 shares of Fran Incerporated common stock at $30 cash per share Cancun's stock investment results in it having an insignificant influence over Fran. c. On May 15, received a check from GMI in payment of the principal and 90 days' interest on the notes purchased in part a. d. On July 30, paid $42.000 cash to purchase MP Incorporated's 8%. six-month notes at par, dated July 30 (classified as trading securities) e. On September 1, received a $0.44 per share cash dividend on the Fran Incorporated common stock purchased in part b f. On October 8, sold 350 shares of Fran Incorporated common stock for $36 cash per share. 9. On October 30, recelved 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 shortterm and fong term investments of Cancun Corporation, all of which occurred during the current year. (Use 360 days in a year. Do not round your intermediate calculations. Round your answers to the nearest whole dollar.) Journal entry worksheet Journal entry worksheet \begin{tabular}{ll|l|l} 2 & 3 & 7 \\ \hline \end{tabular} On February 15, paid $140,000 cash to purchase GMI's 90-day short-term notes at par, which are dated February 15 and pay 9% interest (classified as held-to-maturity). Note: Enter debits before credits