Swifty Village Inc. had the following transactions during the year ended December 31, 2024. The debt...
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Swifty Village Inc. had the following transactions during the year ended December 31, 2024. The debt investments were purchased to earn interest income. Jan. 1 Mar. 31 Apr. 1 June 30 Invested $32,000 in a money-market fund. Notified by fund manager that interest of $400 had been added to the money-market fund. Purchased a 182-day treasury bill maturing on September 30 for $69.600. Notified by fund manager that interest of $400 had been added to the money-market fund. July 31 Cashed the money-market fund and received $32.928. Aug. 1 Purchased a 6-month, 3% term deposit for $18,000. Sept. 30 Received $72,700 at maturity of treasury bill. Record the transactions and prepare any December 31, 2024. adjusting entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. Record journal entries in the order presented in the problem.) Swifty Village Inc. had the following transactions during the year ended December 31, 2024. The debt investments were purchased to earn interest income. Jan. 1 Mar. 31 Apr. 1 June 30 Invested $32,000 in a money-market fund. Notified by fund manager that interest of $400 had been added to the money-market fund. Purchased a 182-day treasury bill maturing on September 30 for $69.600. Notified by fund manager that interest of $400 had been added to the money-market fund. July 31 Cashed the money-market fund and received $32.928. Aug. 1 Purchased a 6-month, 3% term deposit for $18,000. Sept. 30 Received $72,700 at maturity of treasury bill. Record the transactions and prepare any December 31, 2024. adjusting entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. Record journal entries in the order presented in the problem.)
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