(Answered) Question prepare journal entries to record the following

Accounting

Question: Prepare journal entries to record the following transactions involving the short-term securities investments of Maxwell Co., all of which occurred during year 2011.

a. On February 15, paid $100,000 cash to purchase FTR's 90-day short-term debt securities ($100,000 principal), dated February 15, that pay 8% interest (categorized as held-to-maturity securities).

b. On May 16, received a check from FTR in payment of the principal and 90 days' interest on the debt securities purchased in transaction a.

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