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Current Attempt in Progress Indigo Corporation, during the year ended October 31, 2021, had the following transactions for money-market instruments purchased to earn interest: Jan.
Current Attempt in Progress Indigo Corporation, during the year ended October 31, 2021, had the following transactions for money-market instruments purchased to earn interest: Jan. 2 May 1 1 Aug. Aug. 31 Sept. 30 Oct. Oct. 1 15 15 1 Purchased a 130-day, $42,800 treasury bill maturing on May 1 for $42.543. The treasury bill matured. Invested $69,600 in a money-market fund. Received notification that $174 of interest had been earned and added to the fund. Received notification that $174 of interest had been earned and added to the fund. Purchased a 60-day, 2.9%, $32,100 treasury bill for $31,869. Cashed the money-market fund and received $70,035. Prepare any required adjusting journal entry at October 31. (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 O for the amounts. Round answers to 0 decimal places, e.g. 5,275.) Date Account Titles and Explanation Oct. 31 Long-Term Investments at AC-Money Market Fund Interest Revenue (To accrue interest revenue.) Debit Credit 70035 70035
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