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Check my work Iniversal Foods issued 10% bonds, dated January 1, with a face amount of $186 million on January 1, 2021 to Wang Communications.

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Check my work Iniversal Foods issued 10% bonds, dated January 1, with a face amount of $186 million on January 1, 2021 to Wang Communications. The bonds mature on December 31, 2035 (15 years). The market rate of interest for similar issues was 12%. terest is paid semiannually on June 30 and December 31. (FV of $1. PV of $1. FVA of $1, PVA of $1. FVAD of $1 and PVAD of $1) Jse appropriate factor(s) from the tables provided.) equired: to 3. Prepare the journal entries to record the purchase of the bonds by Wang Communications on January 1, 2021, interest >venue on June 30, 2021 and interest revenue on December 31, 2028. (Round final answers to the nearest whole dollars. If o entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list nces Journal entry worksheet 1 2 3 Record the investment in bonds on January 1, 2021. Note: Enter debits before credits Date General Journal Debit Credit January 01, 2021 Journal entry worksheet 2 3 Record the investment in bonds on January 1, 2021. Note: Enter debits before credits. General Journal Debit Credit Date January 01, 2021 Record entry Clear entry View general journal

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