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FF&T Corporation is a confectionery wholesaler that frequently buys and sells securities to meet various investment objectives. The following selected transactions relate to FF&T's investment

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FF&T Corporation is a confectionery wholesaler that frequently buys and sells securities to meet various investment objectives. The following selected transactions relate to FF&T's investment activities during the last two months of 2018. At November 1. FF&T held 548 million of 20 year, 10% bonds of Convenience, Inc. purchased May 1, 2018, at face value Management has the positive intent and ability to hold the bonds until maturity. FEBT's fiscal year ends on December 31 1 keceived senianual interest of $2.4 million from the convenience, Inc., bonds. 1 Purchased 12% bonds of facsimile Enterprises at their 30 million face values to be held until they mature in 1824. Semiannual interest is payable May 31 and November 10. 31 Purchased 1.5. Treasury bills to be held until they sature in two month for $8.9 million 31 Recorded any necessary adjusting entry(s) relating to the investments. The fair values of the investments at December 31 were: Nov. Dec. Convenience bonds Facile Enterprises bonds 0.5. Treasury bles $44.7 million 50.9llion 8.9 million Required: Prepare the appropriate journal entry for each transaction or event. (If no entry is required for a transaction/event, select "No journal entry required in the first account field. Enter your answers in millions rounded to decimal place le, 5,500,000 should be entered as 5.5).)

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