Question: need help asap:) says im wrong and im not sure why Tsunami Sushi purchases $140,000 of 5 -year, 6% bonds from Deep Sea Explorers on

need help asap:) says im wrong and im not sure why

Tsunami Sushi purchases $140,000 of 5 -year, 6% bonds from Deep Sea Explorers on January 1. Management intends to hold the debt securities to maturity. For bonds of similar risk and maturity, the market rate is 7%. Tsunami paid $134,178 for the bonds. It receives interest semiannually on June 30 and December 31 . Due to changing market conditions, the fair value of the bonds at December 31 is $133,000 Required: 1., 2. \& 3. Record the necessary entries regarding the bonds. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Round your answers to the nearest whole dollar amount.)

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