C.dpxF0.6910308066508886 1507511268113 , Getting Started 11 Imported From IE Imported From Fire Domain Manager - D Connect ACCOUNTING Ch 12-15 Question 1 (of 4) volue 25.00 points Problem 12-1 Securities held-to-maturity, bond investment; effective interest [LO1 Fuzzy Monkey Technologies, Inc., purchased as a long-term investment S 170 million of 10% bonds, dated January 1, on January 1, 2016. Management has the positive intent and ability to hold the bonds until maturity For bonds of similar risk and maturity the market yield was 12% The price paid for the bonds was $151 milion. Interest is received semiannually on June 30 and December 31. Due to changing market conditions, the fair value of the bonds at December 31, 2016, was $160 million Required 1. to 3. Prepare the relevant journal entries on the respective dates (record the interest at the effective rate). (If no entry is required for a transaction event, select "No journal entry required" in the first account field. Do not round intermediate calculations. Enter iour rounded to 2 decimai places, i.e., 5,500,000 should be entered as 5.50). answers in millions Journal entry worksheet Record the Fuzzy Monkey's investment in bonds on January 1, 2016