9. value: 5.00 points Starbucks is a global company that provides high-quality coffee products. Assume that as part of its expansion strategy, Starbucks plans open numerous new stores Mexico in three years. The company has $7 million to support the expansion and has decided to invest the funds in corporate bonds until the money is needed. Assume that Starbucks purchased bonds with $7 million face value par for cash on July 1 of the current year. The bonds pay 7 percent interest each June 30 and December 31 and mature in three years. Starbucks plans to hold the bonds until maturity. Required: 1. What accounts are affected when the bonds are purchased on July 1 of the current year? (Select "NE" if there is no effect.) Effects Accounts Held-to-maturity investments Cash 2. What accounts are affected when interest is received on December 31 of the current year? (Select "NE" if there is no effect.) Effects Accounts Cash Interest revenue Held-to-maturity investments 3. Should Starbucks prepare a journal entry if the fair value of the bonds decreased to $6,000,000 on December 31 of the current year? (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the entry if the fair value of the bonds decreased on December 31, current year. Note: Enter debits before credits. General Journal Debit Credit Date December 31 Record entry Clear entry View general journal