Question: please help me to choose the correct term/ answer on MAY 1 (3rd credit TITLE) and OCTOBER 15 (3rd credit TITLE) on 3rd picture i



Question 4 of 8 15.71/16 E View Policies Show Attempt History Current Attempt in Progress Pronghorn Corporation, during the year ended October 31, 2021. had the following transactions for money-market instruments purchased to earn interest: Jan. 2 Purchased a 100-day, $39,600 treasury bill maturing on May 1 for $39,363 . 1 The treasury bill matured Aug 1 Invested $64,400 in a money market fund. Aug. 31 Received notification that $161 of interest had been earned and added to the fund. Sept. 30 Received notification that $161 of interest had been earned and added to the fund. Purchased a 100-day, 3.8%, $29,700 treasury bill for $29,421. Cashed the money-market fund and received $64,803. Oct. 1 Oct. 15 Question 4 of 8 15.71/16 E Date Account Titles and Explanation Debit Credit Jan. 2 4 Investments at Amortized Cost Treasury Bill 39363 Cash 39363 (To record purchase of investment.) May 1 Cash 39600 Investments at Amortized Cost. Treasury Bill 39363 Investments at Amortized Cost Term Deposit 232 (To record maturity of treasury bill investment.) Aug. 1 Investments at Amortized Cost. Money Market Fund 64400 Cash 64000 (To record purchase of investment.) 161 Aug 31 . Investments at Amortized Cost, Money Market Fund 161 Interest Revenue Question 4 of 8 15.71/16 Sept. 30 Investments at Amortized Cost, Money Market Fund : 261 Interest Revenue 161 (To accrue interest revenue.) Oct. 1 Investments at Amortized Cost. Treasury Bill 29421 Cash 29421 (To record purchase of investment.) Oct 15 Cash 64803 Investments at Amortized Cost. Money Market Fund 64722 Long-Term Investments at AC-Term Deposit 81 (Cashed in money market fund.) Cash Interest Expense Interest Payable Interest Receivable Interest Revenue Long-Term Investments at AC-Money Market Fund Long-Term Investments at AC-Treasury Bills Long-Term Investments at AC-Term Deposit Investments at Amortized Cost, Money Market Fund Investments at Amortized Cost, Treasury Bill Investments at Amortized Cost, Term Deposit No Entry
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