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E 1 6 . 3 ( LO 2 ) AP Stevens Corporation, during the year ended October 3 1 , 2 0 2 4 ,
ELO AP Stevens Corporation, during the year ended October had the following transactions for moneymarket instruments purchased to earn interest: Jan. Purchased a day, $ treasury bill maturing on May for $ May, The treasury bill matured. Aug. Invested $ in a moneymarket fund. Received notification that $ of interest had been earned and added to the fund. Sept. Received notification that $ of interest had been earned and added to the fund. Oct. Purchased a day, $ ooo treasury bill for $ Cashed the moneymarket fund and received $ Instructions a Prepare the journal entries to record the above transactions. b Prepare any required adjusting jourmal entries at October
ELO AP Stevens Corporation, during the year ended October had the following transactions for moneymarket instruments purchased to
earn interest:
Jan. Purchased a day, $ treasury bill maturing on May for $
May, The treasury bill matured.
Aug. Invested $ in a moneymarket fund.
Received notification that $ of interest had been earned and added to the fund.
Sept. Received notification that $ of interest had been earned and added to the fund.
Oct. Purchased a day, $ ooo treasury bill for $
Cashed the moneymarket fund and received $
Instructions
a Prepare the journal entries to record the above transactions.
b Prepare any required adjusting jourmal entries at October
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