Question 23 Blue Spruce Corporation had the following transactions in debt instruments purchased to earn interest during the year ended December 31, 2021: Jan. 1 Purchased a 180-day (six-month) Government of Canada treasury bill for $146,341. June 30 Received $150,000 cash when the treasury bill matured. July 5 Purchased a money-market fund for $37,500. Oct. 1 Cashed in the money-market fund, receiving $37,780. 1 Purchased a six-month, 4% term deposit for $112,500. Dec. 31 Accrued interest on the term deposit. Collapse question part (a) Correct answer. Your answer is correct. Record the transactions. (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 0 for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Entry field with correct answer Jan. 1 Entry field with correct answer Investments at Amortized Cost, Treasury Bill Entry field with correct answer 146341 Entry field with correct answer Entry field with correct answer Cash Entry field with correct answer Entry field with correct answer 146341 (To record purchase of investment.) Entry field with correct answer June 30 Entry field with correct answer Cash Entry field with correct answer 150000 Entry field with correct answer Entry field with correct answer Interest Revenue Entry field with correct answer Entry field with correct answer 3659 Entry field with correct answer Investments at Amortized Cost, Treasury Bill Entry field with correct answer Entry field with correct answer 146341 (To record maturity of treasury bill investment.) Entry field with correct answer July 5 Entry field with correct answer Investments at Amortized Cost, Money Market Fund Entry field with correct answer 37500 Entry field with correct answer Entry field with correct answer Cash Entry field with correct answer Entry field with correct answer 37500 (To record purchase of investment.) Entry field with correct answer Oct. 1 Entry field with correct answer Cash Entry field with correct answer 37780 Entry field with correct answer Entry field with correct answer Interest Revenue Entry field with correct answer Entry field with correct answer 280 Entry field with correct answer Investments at Amortized Cost, Money Market Fund Entry field with correct answer Entry field with correct answer 37500 (Cash in money market investment.) Entry field with correct answer Oct. 1 Entry field with correct answer Investments at Amortized Cost, Term Deposit Entry field with correct answer 112500 Entry field with correct answer Entry field with correct answer Cash Entry field with correct answer Entry field with correct answer 112500 (To record purchase of investment.) Entry field with correct answer Dec. 31 Entry field with correct answer Interest Receivable Entry field with correct answer 1125 Entry field with correct answer Entry field with correct answer Interest Revenue Entry field with correct answer Entry field with correct answer 1125 (To accrue interest revenue.) SHOW SOLUTION SHOW ANSWER LINK TO TEXT LINK TO TEXT By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor. Attempts: 2 of 15 used Collapse question part (b) Partially correct answer. Your answer is partially correct. Try again. Show the financial statement presentation of the investment at December 31 and any related accounts. BLUE SPRUCE CORPORATION Partial Balance Sheet Entry field with correct answer December 31, 2021 Entry field with correct answer Current Assets Entry field with incorrect answer Short-Term Investment at ACTreasury Bill $Entry field with incorrect answer 150000 Entry field with incorrect answer Investments at Amortized Cost, Money Market Fund Entry field with incorrect answer 37780 BLUE SPRUCE CORPORATION Income Statement (Partial) Entry field with incorrect answer Entry field with incorrect answer Entry field with incorrect answer $Entry field with incorrect answer now contains modified data