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Question 17 Not yet answered On January 1, Wendy Welding Ltd. purchases a...

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Accounting

Question 17
Not yet answered
On January 1, Wendy Welding Ltd. purchases a $100,000150 day treasury bill for $97,560. The treasury bills are trading at a market rate of interest of 6% annually. The entry to record the investment is
Select one:
A. Cash Investment at Amortized Cost-treasury bill 97,560
B. Investment at Amortized Cost-treasury bill 100,000 Discount
2,440
Cash q,
97,560
C. Cash 97,560
Discol
2,440
Investment at Amortized Cost-treasury bill ,100,000
D. Investment at Amortized Cost-treasury bill 97,560 Cash
97,560
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