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Bramble Corporation during the year ended October 31, 2021, had the following transactions for money-market instruments purchased to earn interest: Jan. 2 Purchased a 90-day.
Bramble Corporation during the year ended October 31, 2021, had the following transactions for money-market instruments purchased to earn interest: Jan. 2 Purchased a 90-day. 35.600 treasury bill maturing on May 1 for $35,387. The treasury bill matured Invested $57,900 in a money-market fund. Received notification that $145 of interest had been earned and added to the fund. Sept 30 Received notification that $145 of interest had been earned and added to the fund. Oct. 1 Purchased a 60-day, 2.5%, $26.700 treasury bill for $26,534. Oct Cashed the money-market fund and received $58.263. May Aug Aug 1 1 31 15 Prepare the journal entries to record the above transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit (To record purchase of investment.) (To record maturity of treasury bill investment.)
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