eBook Show Me How Entries for bond (held-to-maturity) investments Demopoulos Company acquired $186,600 of Marimar Co., 7% bonds on May 1 at their face amount. Interest is paid semiannually on May 1 and November 1. On November 1, Demopoulos Company sold $54,600 of the bonds for 95. 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 88 b. The semiannual interest received on November 1. Nov. 1 88 c. The sale of the bonds on November 1. Nov. 1 The accrual of 1 540 interest on December 11 Entries for bond (held-to-maturity) investments The following bond investment transactions were completed by Starks Company: Jan. 31 July 1 Aug. 301 Purchased 39, $1,000 government bonds at 100 plus accrued interest of $195 (1 month). The bonds pay 6% annual interest on July 1 and January 1. Received semiannual interest on bond investment. Sold 15, $1,000 bonds at 97 plus $150 accrued interest (2 months). a. Journalize the entries for these transactions. Assume a 360-day year. Do not round interim calculations. Round final answers to nearest dollar. If an amount box does not require an entry, leave it blank. Jan. 31 July 11 Aug. 30 Aug. 30 < b. Journalize the December 31 adjusting entry for semiannual interest earned on the bonds. Assume a 360-day year. Do not round Interim calculations. Round final answers to nearest dollar. If an amount box does not require an entry, leave it blank. Dec. 31 c. Journalize the receipt of $24,000 at the bonds' maturity on July 1. If an amount box does not require an entry, leave it blank, July. 1