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FULLS Question 2 Sheffield Corporation had the following transactions in debt instruments purchased to earn interest during the year ended December 31, 2021: Jan 1

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FULLS Question 2 Sheffield 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 $98,522. June 30 Received $100,000 cash when the treasury bill matured. July 5 Purchased a money-market fund for $25,000. Oct. 1 Cashed in the money-market fund, receiving $25,215. 1 Purchased a six-month, 4% term deposit for $75,000. Dec. 31 Accrued interest on the term deposit. (a) Record the transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry in rem account titles and enter for the amounts. Record journal entries in the order presented in the problem.) > (To record purchase of investment.) (Cash in money market investment.) (To record purchase or investment.) (To accrue interest revenue.) By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor Atten

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