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

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FF\&T Corporation is o confectionery wholesaler that frequently buys and sells securities to meet various investment objectives. The following selected tronsactions relate to FFST's investment activities during the last two months of 2024 . At November 1 , FF\&T held $60 million of 30 -year, 8% bonds of Convenience. Incorporated, purchased May 1, 2024, at face value. Management has the positive intent and ability to hold the bonds untli maturity. FF\&T's fiscal year ends on December 31 Noverber a Recelved nemtannual interent of $2.4million from the Convenience, Incorporated, bonds December 1 purehased 100 bond of Pacuimile Enterprises at their $48 mililon face value, to bo held until they mature in 2027. Bemiannual interest in payable May 31 and November 30 . Decenber 31 Purchased 0.8 . Treasury bills to be held unth they mature in two months for $10.4 million. Deceaber 31 Recorded any necesiary adjunting entry(a) relating to the investmente. The fair values of the investments at December 31 were: equired: repare the appropriate journal entry for each transaction or event. ote: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5). Journal entry worksheet 2 56 Received semiannual interest of $2.4 million from the Convenience, Incorporated, bonds. Enter debits before credits

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