hi the question is this one and
i got all right answers except the last one is that prepare the journal enyry to record ,
I put answers "30,000" and the right answer is 750.
How can i get an answer as 750? please give me some solutions!
How can i get the interest revenue?
thank you!
Question 2 of 7 0.9471 III View Policies Show Attempt History On December 2, 2021, Cullumber Furniture Ltd. purchased a $135,000, Canadian government 120-day treasury bill for $134.000. On December 31, $250 of interest had accrued on the treasury bill. On April 1.2022, the treasury bill matured. Your Answer Correct Answer Your answer is correct. Prepare the journal entry to record the purchase of the treasury bill. (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 for the amounts) Debit Credit Date Account Titles and Explanation Investment at Amortized Cost-Treasury Bull 134.000 Dec. 2 134,000 Cash (To record purchase of investment.) e Textbook and Media List of Accounts Question 2 of 7 0.9471 Your Answer Correct Answer Your answer is correct. Prepare the journal entry to record the accrual of interest on December 31, 2021. (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 for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31 Investment at Amortized Cost-Treasury Bill 250 Interest Revenue (To accrue interest revenue.) e Textbook and Media List of Accounts Your Answer Correct Answer (Used) Prepare the journal entry to record the accrual of interest from January 1, 2022 to maturity and the receipt of cash on April 1. matically indeed when the mental.cat Question 2 of 7 0.94/1 Prepare the journal entry to record the accrual of interest from January 1, 2022 to maturity and the receipt of cash on April 1. 2022. (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 for the amounts.) Debit Credit Date Account Titles and Explanation Apr. 1 Investment at Amortized Cost-Treasury Bill 30,000 Interest Revenue 30,000 (To accrue interest revenue.) Cash V 135000 Apr. 1 135000 Investment at Amortized Cost-Treasury Bill (To record maturity of treasury bill investment.) e Textbook and Media Solution List of Accounts