Recording Entries for HTM Debt Securities-- Effective Interest Method On July 1, 2020, West Company purchased for cash, seven $10,000 bonds of North Corporation to yield 10%. The bonds pay 9% interest, payable on a semiannual basis each July 1 and January 1, and mature on July 1, 2023. The bonds are classified as held-to-maturity securities. The annual reporting period ends December 31. Assume the effective interest method of amortization of any discount or premium. Amortization Schedule Journal Entries in 2020 Financial Statement Presentation Journal Entries in 2021 e. Record the receipt of interest on January 1, 2021. f. After the interest payment on July 1, 2021, two of the bonds were sold for $15,440 cash. Provide the required entries on July 1, 2021. Note: List multiple debits or credits (when applicable) in alphabetical order. Note: If a line in a journal entry isn't required for the transaction, select "N/A" as the account names and leave the Dr. and Cr. answers blank (zero). Date e. Jan 1, 2021 Account Name Dr. Cr. e 0 0 ( 1 Jul 1, 2021 0 OOOOO e 0 e 0 To record receipt of interest JUL 1, 2021 0 0 0 0 0 0 To record sale of bonds. Check