Entries for Investment in Bonds, Interest, and Sale of Bonds Bocelli Co. purchased $60,000 of 5 % , 12-year Sanz County bonds on May 11, Year 1, directly from the county, at their face amount plus accrued interest. The bonds pay semiannual interest on April 1 and October 1. On October 31, Year 1, Bocelli Co. sold $24,000 of the Sanz County bonds at 101 plus $100 accrued interest less a $270 brokerage commission. Do not round interim calculations. Round final answers to nearest dollar. For a compound transaction, if an amount box does not require an entry, leave it blank. Assume a 360-day year a. Provide the journal entry for the purchase of the bonds on May 11 plus 72 days of accrued interest. Year 1 May 11 Investments-Sanz County Bonds 60,000 Interest Receivable Cash b. Provide the journal entg for the semiannual interest on October 1. Year 1 Oct. 1 Cash Interest Receivable Interest Revenue C Provide the journal entry for the sale of the bonds on October 31 Year 1 Oct 31 Cash C. Provide the journal entry for the sale of the bonds on October 31. Year 1 Oct. 31 Cash Loss on Sale of Investments Interest Revenue Investments-Sanz County Bonds d. Provide the adjusting entry for accrued interest of $300 on December 31, Year 1 Year 1 Dec. 31 Cash Cash Previous Next Check My Work 1 more Check My Work uses remaining All work saved. Email instructor Save and Exit Submit Assignment for Grading