Held-to-maturity Investment On October 1, year 1, Xit Company purchased a $100,000,5% bond at par value. The bond is dated October 1 , year 1 and will mature October 1 , year 6 . Interest payments are annual and are paid each subsequent October 1 . The bond is accounted for as a held-to-maturity investment. But, the company sells the bond for $104,000 after receiving the first interest payment. Requirements: Make journal entries to 1. Record the purchase of the bond on October 1 , year 1. 2. Record the accrual of interest on December 31 , year 1 . 3. Record the receipt of interest on October 1 , year 2. 3. Record the receipt of interest on October 1, year 2. 4. Record the sale of the bond on October 1, year 2