20Y2 Apr. 1 Cash Feedback Interest Receivable Interest Revenue 2012 Apr. 1 Cash Feedback 9,600 THE O Feedback Gain on Sale of Investments Investments-Effenstein Corp. Bonds 20Y8 Oct. 1 Cash 0 Check My Work c. Record the interest revenue as earned. Bond Principal x Interest Rate x Time = Total Interest. Remember to consider any receivable on the books. d. The sale of $90,000 of Effenstein Corp. bonds on April 1, 2012, at 102. Investments-Effenstein Corp. Bonds HIG 4,800 4,800 Check My Work d. Calculate the proceeds First compute the % x face amount of bonds sold To complete the entry, determine any gain or loss on the transaction 91,800 e. The receipt of the face value of the remaining bonds at their maturity on October 1, 20Y8 1,800 90.000 Check My Work e Record the cash received for the remaining bonds. Recognize the bonds have reached maturity