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22 points 6. On July 1, 2021, T&S Co purchased 6%, $100,000, 4-year bonds for $93.267. For bonds of similar risk and maturity the market

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22 points 6. On July 1, 2021, T&S Co purchased 6%, $100,000, 4-year bonds for $93.267. For bonds of similar risk and maturity the market yield was 8%T&S will receive for-sale investments. The company has a December 31 year end 4% interest semiannually on June 30 and December 31. The bonds are considered to be available- a Prepare the entry for the receipt of interest on December 31, 2021 b. Prepare any additional Journal entryfies necessary for T&S Co to report this investment in the December 31, 2021 balance sheet. The fair value of the bonds was $95.000 at December 31, 2021

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