Please advise as to proper entry to correct asset account (T-Bills) when the money is reinvested after 3-month maturity date.
Original purchase 9,900
T-Bill Income @ maturity 100
Reinvestment Amount 9,800
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Please advise as to proper entry to correct asset account (T-Bills) when the money is reinvested after 3-month maturity date.
Original purchase 9,900
T-Bill Income @ maturity 100
Reinvestment Amount 9,800
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