Entries for Investment in Bonds, Interest, and Sale of Bonds Bocelli Co. purchased $30,000 of 8%, 12-year Sanz County bonds on May 11, Year 1, directly from the county, at their face amount plus accrued interest. The bonds pa semiannual interest on April 1 and October 1. On October 31, Year 1, Bocelli Co. sold $12,000 of the Sanz County bonds at 103 plus $80 accrued interest less a $405 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. Assum 360-day year. Cengage Technical Support 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 Interest Receivable 30,000 100 X Feedback Cash Check My Work a. Record the investment at face (debit), interest receivable (debit) for [face amount of bonds x interest rate x (72 days 360 days)], and the cash paid for the sum of cash plus interest receivable. b. Provide the journal entry for the semiannual interest on October 1. Year 1 Oct. 1 Cash Interest Receivable Interest Revenue Feedback