THUMBS UP TO ANSWERS. just want to know ehrre im going wrong in this question! if you could explain would be amazing
Riverbed Corporation during the year ended October 31, 2021. had the following transactions for money-market instruments purchased to earn interest: Jan. 2 Purchased a 90-day, $40,000 treasury bill maturing on May 1 for $39.760. May 1 The treasury bill matured. Aug 1 Invested $65,000 in a money market fund. Aug. 31 Received notification that $163 of interest had been earned and added to the fund, Sept. 30 Received notification that $163 of interest had been earned and added to the fund. Oct. 1 Purchased a 70-day, 3.8%. $30,000 treasury bill for $29.718. Oct. 15 Cashed the money-market fund and received $65,408. Prepare the journal entries to record the above 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 Jan 2 Investments at Amortized Cost. Treasury Bill 39.760 Cash 39,760 (To record purchase of investment.) May 1 Cash 40,000 Interest Revenue 240 Investments at Amortized Cost. Treasury Bill 39,760 (To record maturity of treasury bill investment.) Aug 1 Investments at Amortized Cost. Money Market Fund 65,000 Cash 65,000 (To record purchase of investment.) Aug 31 Investments at Amortized Cost, Money Market Fund 163 Interest Revenue 163 Cash 65,000 (To record purchase of investment.) Aug 31 Investments at Amortized Cost. Money Market Fund 163 Interest Revenue 163 (To accrue interest revenue.) Sept. 30 Investments at Amortized Cost, Money Market Fund 163 Interest Revenue 163 (To accrue interest revenue.) Oct 1 Investments at Amortized Cost, Treasury Bill 29.718 Cash 29,718 (To record purchase of investment.) Oct 15 Cash 65,408 Interest Revenue 408 Investments at Amortized Cost, Money Market Fund 65,000 (Cashed in money market fund.) Prepare any required adjusting journal entry at October 31. (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. Round answers to decimal places, eg. 5,275.) Date Account Titles and Explanation Debit Credit Oct. 31 Cash 408 Interest Revenue 408 (To accrue interest revenue.)