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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

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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 $72,000 of Iceline, Inc. 8% bonds at 100 plus accrued interest of $960, paying interest semiannually. Investments-Iceline, Inc. Bonds 72,000 Interest Receivable 960 Cash 72,960 b. Received first semiannual interest payment. Cash Interest Receivable Interest Revenue c. Sold $48,000 of the bonds at 103 plus accrued interest of $550

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