Entries for Investment in Bonds, Interest, and Sale of Bonds Bocelli Co. purchased $48,000 of 8%,12-year $anz County bonds on May 11, Year 1, directly from the county, at their face amount pius acerved interest. The bonds pay semiannual interest on April 1 and October 1 . On October 31 , Year 1, Bocell Co, sold $18,000 of the 5anz County bonds at 101 plus $120 accrued interest less a $205 brokerage commission. Do not round interim calculations. Round final answers to nearest doltar. 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 2Ma a. Record the investment at face (debit), interest receivable (debil) for (foce amount of bonds interest rate (72 days +360 days)), and the cash paid for the sum of cash plus interest recilivable b. Proyide the journal entry for the semiannust interest on october 1 . c. Provide the joumal entry for the sale of the bonds on October 31 . Year 1 Oct. 3 Feodback T Check My Work c. Calculate the proceeds: 101% face amount of bonds sold, plus accrued interest, less commission. Debit cash for this amount. Credit amount of bonds sold and credit interest revenue for accrued interest amount. To complete the entry, enter the difference between the ca face investment amount + accrued interest as a gain or loss. d. Provide the adjusting entry for accrued interest of $400 on December 31 , Year 1. Year 1 Dec. 31 reedeack rand My won d. Debit interest Recelvabie and credit interest Revenue for the accrued interest of $400. Remaining bond face after sale interest rate ( 60 Dec. 31+360 days)]