Debt Investment Transactions, Available-for-Sale Valuation Rekya Mart Inc. is a general merchandise retail company that began operations on January 1, Year 1. The following transactions relate to debt investments acquired by Rekya Mart Inc., which has a fiscal year ending on December 31: Year 1 Apr. 1. May 16. Purchased $66,000 of Smoke Bay 5%, 10-year bonds at their face amount plus accrued interest of $550. The bonds pay interest semiannually on February 1 and August 1. Purchased $98,000 of Geotherma Co. 6%, 12-year bonds at their face amount plus accrued interest of $245. The bonds pay interest semiannually on May 1 and November 1. Received semiannual interest on the Smoke Bay bonds. Aug. 1. Sept. 1. Sold $26,400 of Smoke Bay bonds at 103 plus accrued interest of $110. Nov. 1. Received semiannual interest on the Geotherma Co. bonds. Dec. 31 Accrued $660 interest on Smoke Bay bonds. Dec. 31 Accrued $490 interest on Geotherma Co. bonds. Year 21 Feb. 1. May 1. Received semiannual interest on the Smoke Bay bonds. Received semiannual interest on the Geotherma Co. bonds. 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. nata narration nahit Credit Previous Next