Pina Colada Inc. has a seasonal business with some periods during the year where cash is abundant and needs to be invested in the short term until it is needed later on in the business cycle. The following are the transactions that occurred for Pina Colada Inc. near the end of its fiscal year ended December 31, 2024, and the early part of 2025. Nov. 15, 2024 Nov. 30, 2024 Feb. 15, 2025 Feb. 28,2025 Date Purchased a term deposit at National Trust for $48,000. The term deposit is for three months and will earn interest at 1.75%. Record the above transactions for 2024 and 2025 and any required journal entries at December 31, 2024. (Record entries in the order displayed in the problem statement. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter O for the amounts, Round answers to 0 decimal places, eg. 5,276. List all debit entries before credit entries.) Account Titles and Explanation 2024 Purchased a three-month treasury bill with a face value of $21,000 and a purchase price of $20,805. The market rate of interest is 3.75% for this type of investment. The National Trust term deposit matures The treasury bill matures. Debit Credit

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