(Answered) Prepare journal entries to record the following

Accounting

Prepare journal entries to record the following transactions involving the short term securities investments of Krum Co., all of which occurred during year 2013.

a. On August 1, paid $450,000 cash to purchase Houtte's 9% debt securities ($450,000 principal), dated July 30, 2013, and maturing January 30, 2014 (categorized as available for sale securities).
b. On October 30, received a check from Houtte for 90 days' interest on the debt securities purchased in transaction a.

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