The Old Country Company purchased the following instruments during the year. Assume the companys fiscal year end is January 31, 2022.

Dec 1, 2021: Purchased a $ 5,000 120-day treasury bill for $ 4,935. The treasury bills are trading at a market rate of interest of 4% annually.

Feb 1, 2022: Purchased at 101 a $ 15,000, 5% 5-year Laurentian Bank of Canada bond. Interest is paid semi-annually. The market rate of interest was 3.5%. The bonds were purchased to trade

Mar 30, 2022: Treasury bill matured.

Aug 1, 2022: Received interest on the Laurentian Bank of Canada bond.

Aug 2, 2022: Sold the Laurentian Bank of Canada bond at 99.

Required:

Record the above transactions, and any necessary adjusting entries for The Old Country Company required at January 31, 2022.