Debt investment Transactions, Available for Sale Valuation Paky Mart Inc. is a general merchandise retail company that began operations on January 1, Year 1. The following transactions relate to debit investments acquired by Rakya Mart Inc., which has a fiscal year ending on December 31 Apr1 Mary 16, Aug 1 Purchased $66,000 of Smoke tay , 10-year bonds at their face amount plus accrued interest of suso. The bonds pay interest semiannually on February and August Ratchased $126,000 of Geotherma Co.08, 12ye bonds at their face ou pas accrued interest of the bonds pay interest on May 1 and November Hoved semiannual interest on the Smokey bonds Sold $26.400 ot Smoke toy bonds at 104 Mus accrued interest of 110. Deceved Seminterest on the Geotherman Accrund stereon Smokeytande Accrued s 30 trest on GeothermaCe bond Now De 31 De 31 Year Rivera internet on the sony borde Recent on the Gotham Cobonds May Required: 1. Journalize the entries to record these transactions. For a compound transaction, if an amount box does not require an entry leave it blanka Date Description Debit Credit Apt. 1 Investments Smoke fayde Interest Receivable X May 16 Investment Geotherma Colons Cash AD1 II Interest Sept. 1 Cash Interest Revenue Gain on Sale of Investment Investments-Smoke Bay Bonds Nov. 1. Cash Interest Receivable Interest Revenue Dec. 31 Smoke Bay Interest Receivable Investments Smoke Bay Bonds X Dec. 31 Geotherma Co. Interest Receivable Investments-Geotherma Co. Bonds X Year 2 Feb. 1. Cash Interest Receivable Interest Revenue May 1 Cash Interest Receivable Interest Revenue Delit Investment Transactions, Avalable for Sale Valuation Rekya Mart Inc. is a general merchandise retail company that began operations on January 1, Yra 1. The following transactions relate to debt investments acquired by Rakya Ha In which tancalar ending on December 31 Apr. 1 Purchased $64,000 of Smoke Bay, 10 year bonds at their face amount plus accrued interest of $550. The bond pay interest semangatlon rebrary and August 1 Purchased $126,000 at Geotherma Cam, 12 year bonds at their face amount plus stered interest of $15. The bonds piry interest Semany on May 1 and November May 16 A. Received manual interest on the Smoky bonds Sold $26.400 of time ay hands at 104 plus accrued interest of $110 Nov. Hemved semnual interest on the Geotherma Co, bonds Deci Accrued $660 interest on Smoke Bay bond Dec 1 Accrued $6.30 interest on Geothermaca, bonds Feb. Received semiannual interest on the Smoke Bay bonds May 1 Record manual interest at the Geotherma cobonde Required: 1. Journalize the entries to record these transactions. For a compound transaction, if an amount box does not require an entry, leave it blank. Date Description Debit Credit Year 1 Apr, 1 Investments Smoke Bay Bonds Cash Interest Receivable May 16 Investments Geotherma Co, Bonds Interest Receivabile Aug. 1 Cash Interest Receivable Interest Revenue Sept 1 Cash Interest Reven Gain on Sale of Investment Check My Work 2 more Check My Work serem Nov. 1. Cash Interest Receivable Interest Revenue Dec. 31 Smoke Bay Interest Receivable Investments Smoke Bay Bonds Dec. 31 Geotherma Co. Interest Receivable Investments Geotherma Co. Bonds Year 2 Feb. 1. Cash Interest Receivable Interest Revenue May 1. Cash Interest Receivable Interest Revenue