On December 2, 2014, Nudesign Furniture Ltd. purchased a $150,000, Canadian government 120-day Treasury bill for $148,900.
Question:
(a) Purchase of the Treasury bill;
(b) Accrual of interest on December 31, 2014; and
(c) Receipt of cash on April 1, 2015.
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Related Book For
Accounting Principles Part 3
ISBN: 978-1118306802
6th Canadian edition Volume 1
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Kinnear, Joan E. Barlow
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