take Assignment Main.do?invoker=&take Assignment SessionLocator Binprogress=false Clounauthento eBook Show Me How Bond (Held-to-Maturity)investment Journalize the entries to record the following selected bond investment transactions for Marr Products: If an amount box does not require an entry, leave it blank. a. Purchased for cash $180,000 of Hotline Inc. 5% bonds at 100 plus accrued interest of $1,500. Investments Hotline Inc. Bonds 180,000 Interest Receivable 1,500 Cash 181,500 Feedback Check My Work a. Record the investment at face value. Interest that is receivable on the date of purchase must be recorded as well b. Received first semiannual interest payment. 9,000 X Cash Interest Receivable 1.500 10.500 X Interest Revenue Feedback Check My Work Check My Work Else eBook Show Me How c. Sold $90,000 of the bonds at 102 plus accrued interest of $750. Cash Interest Revenue 101 90,000 X Gain on Sale of Investments 750 x Investments Hotline Inc. Bonds Feedback Check My Work c. Calculate the proceeds: First compute the % x face amount of bonds sold. Next, adjust the amount for any accrued interest and com determine any gain or loss on the transaction