113.Compare and contrast why companies invest cash in short-term temporary investments vs. long-term investments. 114.Define debt securities and equity securities. Include their similarities and...

113.Compare and contrast why companies invest cash in short-term temporary investments vs. long-term investments.

114.Define debt securities and equity securities. Include their similarities and differences in your discussion.

115.On May 1, Knox Inc. purchases $100,000 of 10-year, 6% Madison Corporation bonds dated March 1 at 100 plusaccrued interest. What entry would Knox record when purchasing the bonds?

116.On May 1, Cedar Inc. purchases $100,000 of 10-year, Madison Corporation 6% bonds dated March 1 at 100 plusaccrued interest. What entry would Cedar record when receiving its semiannual interest on September 1?

117.On May 1, Cedar Inc. purchases $150,000 of 10-year, Knox Corporation 8% bonds dated March 1 at 100 plusaccrued interest. What entry would Cedar record when receiving its semiannual interest on March 1?