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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. On June 15, paid $254,000 cash to purchase Remed’s 90-day short-term debt securities ($254,000 principal), dated June 15, that pay 9% interest. On September 16, received a check from Remed in payment of the principal and 90 days' interest on the debt securities purchased in transaction a. Note: Use 360 days in a year. Do not round your intermediate calculations.

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. On June 15, paid $254,000 cash to purchase Remed’s 90-day short-term debt securities ($254,000 principal), dated June 15, that pay 9% interest. On September 16, received a check from Remed in payment of the principal and 90 days' interest on the debt securities purchased in transaction a. Note: Use 360 days in a year. Do not round your intermediate calculations.

Financial Accounting
Financial Accounting
14th Edition
ISBN:9781305088436
Author:Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:Carl Warren, Jim Reeve, Jonathan Duchac
Chapter14: Long-term Liabilities: Bonds And Notes
Section: Chapter Questions
Problem 6PA: Saverin, Inc. produces and sells outdoor equipment. On July 1, 2016, Saverin, Inc. issued 62,500,000...
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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.

  1. On June 15, paid $254,000 cash to purchase Remed’s 90-day short-term debt securities ($254,000 principal), dated June 15, that pay 9% interest.

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

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

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