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View Policies Current Attempt in Progress Marigold Corporation, during the year ended October 31, 2021, had the following transactions for money-market instruments purchased to earn
View Policies Current Attempt in Progress Marigold Corporation, during the year ended October 31, 2021, had the following transactions for money-market instruments purchased to earn interest: Jan. 2 Purchased a 140-day, $37,600 treasury bill maturing on May 1 for $37,375. The treasury bill matured. May 1 Aug. 1 Invested $61,100 in a money-market fund. Aug. 31 Received notification that $153 of interest had been earned and added to the fund. Sept. 30 Oct. 1 Oct. 15 Received notification that $153 of interest had been earned and added to the fund. Purchased a 80-day, 2%, $28,200 treasury bill for $28,060. Cashed the money-market fund and received $61,483. Prepare the journal entries to record the above transactions. (Credit account titles are automatically indented when the amount is -/16 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 O for the amounts. Record journal entries in the order presented in the problem.) Date Jan. 2 May 1 Account Titles and Explanation Investments at Amortized Cost, Treasury Bill Cash (To record purchase of investment.) (To record maturity of treasury bill investment.) Debit Credit Question 10 of 15 < > (To record maturity of treasury bill investment.) (To record purchase of investment.) (To accrue interest revenue.). (To accrue interest revenue.) -/16 E EN Question 10 of 15 < (To accrue interest revenue.) (To record purchase of investment.) (Cashed in money market fund.) -/16 III ENG Question 10 of 15 < > D -/16 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 O for the amounts. Round answers to O decimal places, eg. 5,275.) Date Account Titles and Explanation Oct. 31. (To accrue interest revenue.) Debit Credit Save for Later Last saved 14 seconds ago. Attempts: 0 of 5 used Submit Answer Saved work will be auto-submitted on the due date Auto
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