Brief Exercise 12-2 On January 1, 2018, Marshall Ltd. purchased $221,000 of 9 , 10-year bonds at face value (100) with the intention of selling the bonds early the next year. Interest is received semi-annually only 1 and January 1. At December 31, 2018, which is the company's fiscal year end, the bonds were trading in the market at 95 (this means 95% of maturity value) Using the fair value through profit or loss model, prepare the journal entry to record the purchase of the bonds on January 1. (Credit accounts are automatically indented when the amount is entered. Do not indent mandaly If no entry is required, select "No Entry for the account titles and enter for the amounts) PULL SCREEN PRINTER VERSION BACK NEXT Prepare the journal entry to record the receipt of the interest on July 1. (Credit accountitles are automatically indented when the amount is entered. Do not indent manually. If no antry is required, select "No Entry for the account s and enter for the amounts) Do not indent manually. If ne entry is required Prepare any adjusting entries required at December 31. (Credit account titles are automatically indented when the select "No Entry" for the account tities and enter for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31 (To accrue Interest revenue on bonds) Dec. 31 (To record realized net gairloss on trading investments)