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On January 1 Oriole Ltd purchases a $100637 170 day treasury bill for $97460. The treasury bills are trading at a market rate of interest

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On January 1 Oriole Ltd purchases a $100637 170 day treasury bill for $97460. The treasury bills are trading at a market rate of interest of 7% annually. The entry to record the investment is: Investment at Amortized Cost-treasury bill 97460 Cash 97460 Cash 97460 Inwestment at Amortized Cost- treasury bill 97460 investment at Amortized Con-treasury 100637 VESTLUSE treasury bill 97460 Investment at Amortized Cost-treasury bill 100637 Discount 3177 Cash 97460 Cash 97460 3177 Discount Investment at Amortized Cost- treasury bill 100637

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