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Bramble Merchandising Inc. has cyclical cash flows and decided to invest some excess cash on hand by purchasing a short-term 60 day Government of Canada

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Bramble Merchandising Inc. has cyclical cash flows and decided to invest some excess cash on hand by purchasing a short-term 60 day Government of Canada treasury bill. On December 15, 2021, Bramble paid $109,460 for a treasury bill that has a maturity amount of $110,000, a maturity date of February 13, 2022, and a yield of 3%. Bramble accounts for this investment using the amortized cost model Prepare the entries for the purchase, any year-end accrual entry at December 31, 2021, and the entry at the maturity of the treasury bill. (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. Round answers to decimal places, eg. 5,276.) Date Account Titles and Explanation Debit Credit > > >

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