JKJ Limited purchases a $20,000, 180-day treasury bill for $19,608 on September 1. The treasury bills are

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JKJ Limited purchases a $20,000, 180-day treasury bill for $19,608 on September 1. The treasury bills are trading at a market interest rate of 4% annually. What will the effect on interest revenue be with entry on December 31 (year end)?

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Fundamentals of Financial Accounting

ISBN: 978-0078025914

5th edition

Authors: Fred Phillips, Robert Libby, Patricia Libby

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Posted Date: May 05, 2024 10:38 AM

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JKJ Limited purchases a $20,000, 180-day treasury bill for $19,608 on September 1. The treasury bills are

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Fundamentals of Financial Accounting

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