Tamarisk Corp. carries an account in its general ledger called Investments, which contained debits for investment...

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Tamarisk Corp. carries an account in its general ledger called Investments, which contained debits for investment purchases, and no credits, with the following descriptions. Feb. 1, 2025 Sharapova Company common stock, $100 par, 200 shares $34,600 April 1 U.S.government bonds, 11%, due April 1, 2035, interest payable April 1 and October 1, 108 bonds of $1,000 par each 108,000 July 1 McGrath Company 12% bonds, par $54,100, dated March 1, 2025, purchased at 104 plus accrued interest, interest payable annually on March 1, due March 1, 2045 58.428 58,428 (a) (b) Prepare the entry to record the accrued interest and the amortization of premium on December 31, 2025, using the straight-line method. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Round answers to O decimal places, eg. 1,225) Date Account Titles and Explanation Dec 31, Interest Receivable 2025 Debt Investments Interest Revenue Debit 8650 Credit Tamarisk Corp. carries an account in its general ledger called Investments, which contained debits for investment purchases, and no credits, with the following descriptions. Feb. 1, 2025 Sharapova Company common stock, $100 par, 200 shares $34,600 April 1 U.S.government bonds, 11%, due April 1, 2035, interest payable April 1 and October 1, 108 bonds of $1,000 par each 108,000 July 1 McGrath Company 12% bonds, par $54,100, dated March 1, 2025, purchased at 104 plus accrued interest, interest payable annually on March 1, due March 1, 2045 58.428 58,428 (a) (b) Prepare the entry to record the accrued interest and the amortization of premium on December 31, 2025, using the straight-line method. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Round answers to O decimal places, eg. 1,225) Date Account Titles and Explanation Dec 31, Interest Receivable 2025 Debt Investments Interest Revenue Debit 8650 Credit