1. A short-term investment in a U.S. Treasury bill costs $48,800 and will mature six months later at $50,000. Management intends to hold the investment until it matures. The entry to record the initial investment includes a [A] debit to Short-Term Investments for $50,000. [B] debit to Cash for $48,800. [C] credit to Interest Income for $1,200. [D] debit to Short-Term Investments for $48,800. 2. Held-to-maturity securities are valued on the balance sheet at [A] lower of cost or market. [B] cost, adjusted for the effects of interest. [C] cost. [D] market value