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Concord Traders 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

Concord Traders 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, 2020, Concord paid $169,443 for a treasury bill that has a maturity amount of $170,000, a maturity date of February 13, 2021, and a yield of 2%. Concord accounts for this investment using the amortized cost model. Prepare (a) the entry for the purchase, (b) any year-end accrual entry at December 31, 2020, and (c) the entry at the maturity of the treasury bill. (Hint: Use the account Note Investment at Amortized Cost.) (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 0 for the amounts.) (p.s there are 7 boxes for journal entries to fill)

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