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1 FF&T Corporation is a confectionery wholesaler that frequently buys and sells securities to meet various investment objectives. The following selected transactions relate to FF&T's

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1 FF&T Corporation is a confectionery wholesaler that frequently buys and sells securities to meet various investment objectives. The following selected transactions relate to FF&T's investment activities during the last two months of 2021. At November 1, FF&T held $75 million of 30-year, 8 % bonds of Convenience, Inc., purchased May 1, 2021, at face value. Management has the positive intent and ability to hold the bonds until maturity. FF&T's fiscal year ends on December 31 10 points Nov. 1 Received semiannual interest of $3.0 million from the Convenience, Ine., bonds. 1 Purchased 10% bonds of racsinile Enterprises at their $72 million face value, to be held until they mature in 2024. Semiannual interest is payable May 31 and Novenber 30. 31 Purchased U.S. Treasury bills to be held until they mature in two montha for $10.7 mil1ion. 31 Recorded any necessary adjusting entry(a) relating to the investments. Dec. eBopk The fair yalues of the investments at December 31 were Print Convenience bonds Tacsinile Enterprises bonds U.S. Treasury bills $71.7 million 72.9 million 10.7 million. References Required: Prepare the appropriate journal entry for each transaction or event. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions rounded to 1 decimal place (Le., 5,500,000 should be entered as 5.5)) View transaction list Convenience bonds $71.7 mill1ion 72.9 million 10.7 million Facsinile Enterprises bonds U.S. Treasury bills Required: Prepare the appropriate journal entry for each transaction or event. (If no entry is required for a transaction/event, select "N entry required" in the first account field. Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should entered as 5.5)) View transaction list Journal entry worksheet

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