Question

value 1.00 points a confectionery wholesaler that frequently buys and sells securities to meet various FF&T Company is investment objectives. The following last two months of 2012. At November 1, FF&T held $48 million of selected transactions relate to FF&T's investment activities during the 20-year, 10% bonds of Convenience, Ltd 12, at face value. Management has the positive intent and ability to hold the bonds until maturity. FF&T's financial year ends on December 31. Nov. 1 Received semiannual interest of $2.4 million from the Convenience Ltd bonds. Dec. 1 Purchased 12% bonds of Facsimile Enterprises at their $30 million face value, to be held until they mature in 2025. Semiannual interest is payable May 31 and November 30. 31 Purchased Treasury bills that mature in two months for $8.9 million. 31 Recorded any necessary adjusting entry(s) relating to the investments. The fair values of the investments at December 31 were: Convenience bonds 44.7 milion Facsimile Enterprises bonds 30.9 million 8.9 million Treasury bills Required: Prepare the appropriate journal entry for each transaction or calculations. Enter your answers in millions rounded to 1 decimal place.) event. (Do not round intermediate General Journal Debit Nov. 1 Cash 2.4 Investment revenuo 2.4 Dec. 1 Investment in Facsimile E bonds Cash Dec. 31 Investment in U.S. Treasury billis 8.9 Cash 8.9 Dec.31 Click to select) Click to select 。在这里输入你委搜索的内容

Answer 1

December 31:

Particulars	Debit	Credit
Investment revenue Receivable - Convenience bonds($48 million *10%*2/12)	0.8
Interest Revenue Receivable - Fascimile	0.3
Enterprise Bonds($30 million *12%1/12) Investment Revenue		1.1