Indigo Corporation, during the year ended October 31, 2021, had the following transactions for money-market instruments purchased to earn interest: 2 Purchased a 130-day, $42,800 treasury bill maturing on May 1 for $42.543. The treasury bill matured. Invested $69,600 in a money-market fund. Received notification that $174 of interest had been earned and added to the fund. Received notification that $174 of interest had been earned and added to the fund. Purchased a 60-day, 2.9%, $32,100 treasury bill for $31,869. Oct. 15 Cashed the money-market fund and received $70,035. Jan May Aug Aug 31 Sept. 30 Oct. 1 1 1

Indigo Corporation, during the year ended October 31, 2021, had the following transactions for money-market instruments purchased to earn interest: 2 Purchased a 130-day, $42,800 treasury bill maturing on May 1 for $42.543. The treasury bill matured. Invested $69,600 in a money-market fund. Received notification that $174 of interest had been earned and added to the fund. Received notification that $174 of interest had been earned and added to the fund. Purchased a 60-day, 2.9%, $32,100 treasury bill for $31,869. Oct. 15 Cashed the money-market fund and received $70,035. Jan May Aug Aug 31 Sept. 30 Oct. 1 1 1

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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