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On December 2, 2021. Sheridan Furniture Ltd, purchased a $141.000, Canadian government 120-day treasury bill for $140,000 On December 31, $250 of interest had accrued

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On December 2, 2021. Sheridan Furniture Ltd, purchased a $141.000, Canadian government 120-day treasury bill for $140,000 On December 31, $250 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 for the amounts) Date Account Titles and Explanation Debit Credit Dec. 2 To record purchase of investment) Prepare the journal entry to record the accrual of interest on December 31, 2021. (Creditoccount 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 Dec 31 Debit Credit To accrue interest revenge 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) Date Account Titles and Explanation Debit Credit Apr. 1 (To accrue interest revere) Apr. 1 (To record maturity of treasury billinwestment)

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