Demopoulos Company acquired $192,000 of Marimar Co. 6% bonds on May 1 at their face amount as a held-to-maturity investment. Interest is paid semiannually on May 1 and November 1. On November 1, Demopoulos Company sold $45,000 of the bonds for 97. Journalize the entries to record the following: If an amount box does not require an entry, leave it blank. a. The initial acquisition of the bonds on May 1. May 1 Investments-Marimar Co. Bonds 192,000 Cash 192,000 Feedback Check My Work a. Record the investment at face value. b. The semiannual interest received on November 1. Nov. 1 Cash Interest Revenue Feedback 5,760 5,760 Check My Work b. Record the interest revenue as earned. Bond Principal x Interest Rate x Time = Total Interest c. The sale of the bonds on November 1. Nov. 1 Cash 43,650 Loss on Sale of Investments 1,350 Investments-Marimar Co. Bonds 45,000 Feedback Check My Work c. Calculate the proceeds: First compute the % x face amount of bonds sold. To complete the entry, determine any gain or loss on the transaction. d. The accrual of interest on December 31. Dec. 31 Interest Receivable 950 X Interest Revenue 950 X Feedback Check My Work d. Record the interest revenue as earned. Feedback Check My Work