Bond Investment Transactions Journalize the entries to record the following selected bond investment transactions for Starks Products: For a compound transaction, if an amount box does not require an entry, leave it blank. a. Purchased for cash $66,000 of Iceline, Inc. 6% bonds at 100 plus accrued interest of $660, paying interest semiannually. Investments-Iceline, Inc. Bonds 66,000 Interest Receivable 660 Cash 66,650 Food Chy a. Record the investment at face value. Interest that is receivable on the date of purchase must be recorded as well b. Received first semiannual interest payment. Cash 1.980 Interest Receivable 60 Interest Revenue 1,20 b. Received first semiannual interest payment. Cash 1,980 Interest Receivable 6607 Interest Revenue 1,320 Feedback Check My Work b. Record the interest revenue as earned. Bond principal interest rate x time Total interest. Remember to consider any receivable on the books. c. Sold $44,000 of the bonds at 103 plus accrued interest of $500. Cash 45.820 Interest Revenue 500 Gain on Sale of Investments 320 X Investments-Iceline, Inc. Bonds 45,000 X w