ly from the county, at their face amount plus accrued interest. The bonds pay Bocelli Co. purchased $42,000 of 9%, 12-year Sanz County bonds on May 11, Year 1 semiennual interest on Apri 1 and October 1. On October 31, Year 1, Bocell Co. sold $18,000 of the Sanz County bonds at 102 plus $135 accrued interest less a commission. answers to nearest dollar. For a compound transaction, if an amount box does not require an entry, leave it blank. Assume a 360-day year a. Provide the journal entry for the purchase of the bonds on May 11 plus 72 days of accrued interest. Year 1 May 11 Bonds 2,000 Interest Recelvable 25 X Cash 2825 x a Record the investment at face (debit), Merest receivable (debit) for tface amount of bonds x interest rate x (72 days + 360 days), and the cash paid for the sum of cash plus interest receivable. b. Provide the journal entry for the semiannual interest on October 1 Year 1 Oct. 1 . 1890 Interest Receivable 25X Interest Revenue Cheok My W b. Bond principal interest rate half a year- total interest. Record this amount as a debt to Cash, Reduce interest receivable (credit) by the amount eacuated in