Entries for Investment in Bonds, Interest, and Sale of Bonds Parilo Company acquired $208,200 of Makofske Company, 8% bonds on May 1, 20Ys, at their face amount. Interest is paid semiannually on May 1 a November 1. On November 1, 2045, Parilo sold $53,400 of the bonds for 95. Journalize the entries to record the following under the cost method: If an amount box does not require an entry leave it blank. a. The initial acquisition of the bonds on May 1. 20Y5 May 1 Investments-Makofske Co. Bonds 170,000 X Cash 170,000 X b. The semiannual interest received on November 1. 20YS Nov. 1 Cash 4.250 X Interest Revenue 4.250 x 48.000 X c. The sale of the bonds on November 1 2015 Nov. 1 Cash - Loss on Sale of Investments 2.000 X 50.000 x Investments-Makofske Co. Bonds