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&Ts investment activities during the last two months of 2018. At November 1, FF&T held $48 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. FF&Ts fiscal year ends on December 31. Nov. 1 Received semiannual interest of $2.4 million from the Convenience, Inc., bonds. Dec. 1 Purchased 12% bonds of Facsimile Enterprises at their $40 million face value, to be held until they mature in 2024. Semiannual interest is payable May 31 and November 30. 31 Purchased U.S. Treasury bills to be held until they mature in two months for $10.9 million. 31 Recorded any necessary adjusting entry(s) relating to the investments. The fair values of the investments at December 31 were: Convenience bonds $ 45.2 million Facsimile Enterprises bonds 40.5 million U.S. Treasury bills 10.9 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 1 decimal place (i.e., 5,500,000 should be entered as 5.5).)

1. Received semiannual interest of $2.4 million from the Convenience, Inc., bonds.

Note: Enter debits before credits.

Date	General Journal	Debit	Credit
Nov 01	Cash

2. Purchased 12% bonds of Facsimile Enterprises at their $40 million face value, to be held until they mature in 2024. Semiannual interest is payable May 31 and November 30.

Note: Enter debits before credits.

Date	General Journal	Debit	Credit
Dec 01	Investment in Facsimile Enterprises bonds
	Cash

3. Purchased U.S. Treasury bills that mature in two months for $10.9 million.

Note: Enter debits before credits.

Date	General Journal	Debit	Credit
Dec 31	Investment in U.S. treasury bills
	Cash

4. Record the interest accrued.

Note: Enter debits before credits.

Date	General Journal	Debit	Credit
Dec 31

5. Record the fair value adjustment.

Note: Enter debits before credits.

Date	General Journal	Debit	Credit
Dec 31