Bond (Held-to-Maturity)Investment Journalize the entries to record the following selected bond investment transactions for Marr Products: If an amount box does not require an entry, leave it blank. a. Purchased for cash $180,000 of Hotline Inc. 5% bonds at 100 plus accrued interest of $1,500. Investments-Hotline Inc. Bonds Interest Receivable Cash 180,000 1,500 181,500 Feedback Check My Work a. Record the investment at face value. Interest that is receivable on the date of purchase must be recorded as we b. Received first semiannual interest payment. Cash Interest Receivable Interest Revenue Feedback 2.250 X 2.250 X c. Sold $90,000 of the bonds at 102 plus accrued interest of $750. Cash Interest Revenue Gain on Sale of Investments Investments-Hotline Inc. Bonds 0000 Feedback Check My Work c. Calculate the proceeds: First compute the % x face amount of bonds sold. Next, adjust entry, determine any gain or loss on the transaction. d. Received face value of remaining bonds at their maturity. Cash Investments-Hotline Inc. Bonds