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On December 2, 2021, Blossom Furniture Ltd. purchased a $131,000, Canadian government 120-day treasury bill for $129,500. On December 31, $375 of interest had
On December 2, 2021, Blossom Furniture Ltd. purchased a $131,000, Canadian government 120-day treasury bill for $129,500. On December 31, $375 of interest had accrued on the treasury bill. On April 1, 2022, the treasury bill matured. 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 O for the amounts) Date Account Titles and Explanation: Dec. 2 Debit Credit (To record purchase of investment.) eTextbook and Media
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