dear tutor, Grateful for your help solving this problem Best regards, FF T Corporation is a confectionery wholesaler that frequently buys and sells securities to meet various investment objectives The following selected transactions relate to FF T's investment activities during the last two months of 2024 At November 1, FF T held $54 million of 20 year, 10 bonds of Convenience, Incorporated, purchased May 1, 2024, at face value Management has the positive intent and ability to hold the bonds until maturity FF T's fiscal year ends on December 31 November 1 Received semiannual interest of $2 7 million from the Convenience, Incorporated, bonds December 1 Purchased 12 bonds of Facsimile Enterprises at their $50 million face value, to be held until they mature in 2027 Semiannual interest is payable May 31 and November 30 December 31 Purchased U S Treasury bills to be held until they mature in two months for $9 4 million December 31 Recorded any necessary adjusting entry(s) relating to the investments The fair values of the investments at December 31 were Convenience bonds $50 7 million Facsimile Enterprises bonds 50 9 million U S Treasury bills 9 4 million Required Prepare the appropriate journal entry for each transaction or event 1 Received semiannual interest of $2 7 million from the Convenience, Incorporated, bonds 2 Purchased 12 bonds of Facsimile Enterprises at their $50 million face value, to be held until they mature in 2027 Semiannual interest is payable May 31 and November 30 3 Purchased U S Treasury bills to be held until they mature in two months for $9 4 million 4 Record the interest accrued on Convenience, Incorporated bonds 5 Record the interest accrued on Facsimile Enterprises bonds 6 Prepare any journal entry needed to adjust the investments for fair value

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dear tutor, Grateful for your help solving this problem  Best regards, FF T Corporation is a confectionery wholesaler that frequently buys and sells securities to meet various investment objectives  The following selected transactions relate to FF T's investment activities during the last two months of 2024  At November 1, FF T held $54 million of 20  year, 10  bonds of Convenience, Incorporated, purchased May 1, 2024, at face value  Management has the positive intent and ability to hold the bonds until maturity  FF T's fiscal year ends on December 31  November 1 Received semiannual interest of $2 7 million from the Convenience, Incorporated, bonds  December 1 Purchased 12  bonds of Facsimile Enterprises at their $50 million face value, to be held until they mature in 2027  Semiannual interest is payable May 31 and November 30  December 31 Purchased U S  Treasury bills to be held until they mature in two months for $9 4 million  December 31 Recorded any necessary adjusting entry(s) relating to the investments    The fair values of the investments at December 31 were  Convenience bonds $50 7 million Facsimile Enterprises bonds 50 9 million U S  Treasury bills 9 4 million  Required  Prepare the appropriate journal entry for each transaction or event  1  Received semiannual interest of $2 7 million from the Convenience, Incorporated, bonds  2  Purchased 12  bonds of Facsimile Enterprises at their $50 million face value, to be held until they mature in 2027  Semiannual interest is payable May 31 and November 30  3  Purchased U S  Treasury bills to be held until they mature in two months for $9 4 million  4  Record the interest accrued on Convenience, Incorporated bonds  5  Record the interest accrued on Facsimile Enterprises bonds  6  Prepare any journal entry needed to adjust the investments for fair value

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Question: dear tutor, Grateful for your help solving this problem. Best regards, FF T Corporation is a confectionery wholesaler that frequently buys and sells securities to

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