Question: Problems (Shows references and computations are required) I. On January 2, 2021, Wildcat Company purchased $93,000 of 10% bonds at face value. The bonds

Problems (Shows references and computations are required) I. On January 2, 2021,

Problems (Shows references and computations are required) I. On January 2, 2021, Wildcat Company purchased $93,000 of 10% bonds at face value. The bonds are to be held to maturity. The bonds pay interest semiannually on January 1 and July 1. Required: (10 points) 1. Prepare the appropriate journal entry to record the acquisition of the bonds. 2. Record the first two interest payments, July 1, 2021 and January 1, 2022 (including the accrual interest at December 31, 2021)

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