On October 1, Sally Sailing Ltd. purchased a $ 10,000, 150-day treasury bill for $ 9,756. Similar treasury bills are trading on the market at a rate of 6% annually. Assuming Sally Sailing has a December 31 year end, the amount accrued as interest revenue on the treasury bill at December 31 is

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The interest revenue is calculated based on the discount from the face value. The discount is $10,000 - $9,756 = $244. The treasury bill is for 150 days, and by December 31, 91 days have passed. The accrued interest is ($244 / 150) * 91 = $146.