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 $210,000 cash to purchase Remed’s 90-day short-term debt securities ($210,000 principal), dated June 15, that pay 7% 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.On June 15, paid $210,000 cash to purchase Remed's 90-day short-term debt securities ($210,000 principal), dated June 15, that pay 7% interest. 2On September 16, received a check from Remed in payment of the principal and 90 days’ interest on the debt securities purchased in transaction a.

Short-term investments are financial assets that may readily be converted to cash, often within a…

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Excel Applications for Accounting Principles

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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 $210,000 cash to purchase Remed’s 90-day short-term debt securities ($210,000 principal), dated June 15, that pay 7% 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.

On June 15, paid $210,000 cash to purchase Remed's 90-day short-term debt securities ($210,000 principal), dated June 15, that pay 7% 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.

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