Bond Investment Transactions Journalize the entries to record the following selected bond investment transactions for Starks Products: If an amount box does not require an entry, leave it blank. a. Purchased for cash $102,000 of Iceline, Inc. 8% bonds at 100 plus accrued interest of $1,360. Investments-Iceline, Inc. Bonds 102,000 | Interest Receivable 1,360 Cash 103,360 Feedback Check My Work a. Record the investment at face value. Interest that receivable on the date of purchase must be recorded as well. b. Received first semiannual interest payment. Cash Interest Receivable Interest Revenue Feedback Check My Work b. Record the interest revenue as earned. Bond principal x interest rate x time = Total interest. Remember to consider any receivable on the books. c. Sold $68,000 of the bonds at 103 plus accrued interest of $780. Cash Interest Revenue llll Gain on Sale of Investments Investments-Iceline, Inc. Bonds