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Swifty Corporation had the following transactions in debt instruments purchased to earn interest during the year ended December 31, 2021: Jan. 1 June 30 July
Swifty Corporation had the following transactions in debt instruments purchased to earn interest during the year ended December 31, 2021: Jan. 1 June 30 July 5 Oct. 1 Purchased a 180-day (six-month) Government of Canada treasury bill for $156,863. Received $160,000 cash when the treasury bill matured. Purchased a money-market fund for $40,000. Cashed in the money-market fund, receiving $40,175. Purchased a six-month, 4% term deposit for $120,000. Accrued interest on the term deposit. 1 31 Dec 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 for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit To accrue interest revenue.) Show the financial statement presentation of the investment at December 31 and any related accounts. SWIFTY CORPORATION Partial Balance Sheet GA SWIFTY CORPORATION Income Statement (Partial)
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