Question: I need help with this question please. thank you! a. On February 15, paid $130,000 cash to purchase GMI's 90-day short term notes at par,

I need help with this question please. thank you!
I need help with this question please. thank you! a. On February
15, paid $130,000 cash to purchase GMI's 90-day short term notes at

a. On February 15, paid $130,000 cash to purchase GMI's 90-day short term notes at par, which are dated February 15 and pay 6% interest (classified as held-to-maturity) b. On March 22, bought 750 shares of Fran Incorporated common stock at $36 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 $39,000 cash to purchase MP Incorporated's 5%, six-month notes at par, dated July 30 (classified as trading securities) e. On September 1, received a $0.42 per share cash dividend on the Fran incorporated common stock purchased in part b. f. On October 8. sold 375 shares of Fran Incorporated common stock for $42 cash per share. g.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. (Use 360 days in a year. Do not round your intermediate calculations. Round your answers to the nearest whole dollar.) Answer is complete but not entirely correct. No Transaction General Journal Credit 1 a Debt investments - HTM Cash Debit 130 000 130,000 2 b Stock investments Cash 27,000 > O 27.000 Cash 130,000 2 b Stock investments 27,000 Cash 27.000 3 132 275 Cash Debt investments - HTM Interest revenue 130,000 2,275 X 4 d Debt Investments - Trading Cash 3 39,000 39,000 5 0 Cash Dividend revenue 204 204 6 16,200 X Cash Stock investments Gain on sale of stock investments 14,400 x 1.800 7 9 Cash Interest revenue 689 689 X

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