Question $17$

Not yet answered

On January $1,$ Wendy Welding Ltd$.$ purchases a $$100,000150$ day treasury bill for $$97,560.$ The treasury bills are trading at a market rate of interest of $6\%$ annually. The entry to record the investment is

Select one:

A$.$ Cash Investment at Amortized Cost$-$treasury bill $97,560$

B$.$ Investment at Amortized Cost$-$treasury bill $100,000$ Discount

$2,440$

Cash $q,$

$97,560$

C$.$ Cash $97,560$

Discol

$2,440$

Investment at Amortized Cost$-$treasury bill $,100,000$

D$.$ Investment at Amortized Cost$-$treasury bill $97,560$ Cash

$97,560$