Current Attempt in Progress On January 1, 2021. Munchies Ltd. purchased $231.000 of 11%, 10-year bonds at face value (100) with the intention of selling the Bonds early the next year. Interest is received semi-annually on July 1 and January 1. At December 31, 2021, which is the company's fiscal year end, the bonds were trading in the market at 98 (this means 98% 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. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Jan. 1 Debit Credit eTextbook and Media List of Accounts Question 2 of 6 < > -/1 E 1 Prepare the journal entry to record the receipt of the interest on July 1. (List all debit entries before credit entries, Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation July 1 eTextbook and Media List of Accounts Debit Credit Prepare any adjusting entries required at December 31. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles Prepare any adjusting entries required at December 31. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts) Date Account Titles and Explanation. Debit Credit Dec. 31 Dec. 31 (To accrue interest income on bonds) (To record unrealized net gain/loss on trading investments) eTextbook and Media List of Accounts