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Bridgeport 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
Bridgeport 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 $197,044 June 30 Received $200,000 cash when the treasury bill matured. July 5 Purchased a money-market fund for $50,000. Oct. 1 Cashed in the money-market fund, receiving $50,210. 1 Purchased a six-month, 3% term deposit for $150,000. Dec. 31 Accrued interest on the term deposit. FULL SCREEN > > (To record purchase of investment.) (To record maturity of treasury bill investment.) >> (Cash in money market investment.) > (To record purchase of investment.) 2000-2020 Wiley a mund niin in W
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