Entries for Investment in Bonds, Interest, and Sale of Bonds The following bond investment transactions were completed during a recent year by Starks Company: Year 1 purchased 51, $1,000 government bonds at 100 plus accrued interest of $255 (one month). The bonds pay 6% annual interest on July 1 and January 1 Jan. 31 July 1 Received semiannual interest on bond investment. Aug. 30 Sold 21, $1,000 bonds at 97 plus $210 accrued interest (two months). a. Journalize the entries for these transactions Assume a 360-day year. 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. Investments Government Bonds Interest Receivable Cash Year 1, Jan. 31 51,000 Year 1, July 1 Cash Year 1, Aug. 30 Assume a 360-day year. Do not round interim calculations. Rou does not require an entry, leave it blank. und final answers to nearest dol llar. For a compound transaction, if an amount box Year 1, Jan. 31 Investments Government Bonds 51,000 Interest Receivable Cash Cash Year 1, July 1 Year 1, Aug.30 b. Provide the December 31, Year 1, adjusting journal entry for semiannual interest earned on the bonds. Assume a 360-day year. Do not round interim calculations. Round final answers to nearest dollar. Year 1, Dec. 31