4.3 Recording Investment in Bonds - Long Term Asset Points: 12 items @ 2 pts. Each = 24 points. Directions: Prepare journal entries based on the following information a) Record the purchase of $100,000 bond, 8%, 5-year bond at par value with interest paid semiannually Date Account Debit Credit Issue Investment in Bonds Cash b) Record receipt of an interest payment Date Account Debit Credit Interest Cash Interest Income c) Record redemption of bond at maturity Date Account Debit Credit Maturity Cash Investment in Bonds