Culver Corporation had the following transactions in debt instruments purchased to earn interest during the year...

  

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Culver Corporation had the following transactions in debt instruments purchased to earn interest during the year ended December 31, 2024: Jan. 1 Purchased a 180-day (six-month) Government of Canada treasury bill for $126,829. June 30 Received $130,000 cash when the treasury bill matured. July 5 Purchased a money-market fund for $32,500. Oct. 1 1 Cashed in the money-market fund, receiving $32,705. Purchased a six-month, 4% term deposit for $97,500. Dec. 31 Accrued interest on the term deposit. Record the 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. List all debit entries before credit entries.) Date Account Titles Jan. 1 Investments at Amortized Cost, Treasury Bill Cash June 30 Cash Investments at Amortized Cost, Treasury Bill Long-Term Investments FVTOCI Equity Debit 126,829 130,000 July 5 Investments at Amortized Cost, Money-Market Fund 32,500 Cash Oct. 1 Cash Dec. 31 Dec. 31 Investments at Amortized Cost, Money-Market Fund Long-Term Investments FVTOCI Equity (Cash in money market investment.) 32,705 Investments at Amortized Cost, Term Deposit 97,500 Cash (To record purchase of investment.) Interest Receivable Interest Revenue 975 Credit 126,82 126,82 3,17 32,50 32,50 20 97,50 97 Culver Corporation had the following transactions in debt instruments purchased to earn interest during the year ended December 31, 2024: Jan. 1 Purchased a 180-day (six-month) Government of Canada treasury bill for $126,829. June 30 Received $130,000 cash when the treasury bill matured. July 5 Purchased a money-market fund for $32,500. Oct. 1 1 Cashed in the money-market fund, receiving $32,705. Purchased a six-month, 4% term deposit for $97,500. Dec. 31 Accrued interest on the term deposit. Record the 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. List all debit entries before credit entries.) Date Account Titles Jan. 1 Investments at Amortized Cost, Treasury Bill Cash June 30 Cash Investments at Amortized Cost, Treasury Bill Long-Term Investments FVTOCI Equity Debit 126,829 130,000 July 5 Investments at Amortized Cost, Money-Market Fund 32,500 Cash Oct. 1 Cash Dec. 31 Dec. 31 Investments at Amortized Cost, Money-Market Fund Long-Term Investments FVTOCI Equity (Cash in money market investment.) 32,705 Investments at Amortized Cost, Term Deposit 97,500 Cash (To record purchase of investment.) Interest Receivable Interest Revenue 975 Credit 126,82 126,82 3,17 32,50 32,50 20 97,50 97