When the accounting period ends before U.S.Treasury bills are scheduled to mature,the investor's adjusting entry would include a
A)debit to Short-Term Investments.
B)credit to Cash.
C)debit to Interest Income.
D)credit to Short-Term Investments.

Question

Quizplus · Accepted Answer

The adjusting entry would include a debit to Short-Term Investments to recognize the investment in Treasury bills that have not yet matured.

When the Accounting Period Ends Before U