Homer Company purchases $18,000 of US Treasury bonds at their face amount on March 17 2016, plus accrued interest for 45 days. The bonds have an interest rate of 6%, payable semiannually: July 31 and January 31. On July 31, Homer Company receives a semiannual interest payment. Homer Company's accounting period ends on December 31 of each year, journalize the adjusting entry for accrued interest On January 31, 2017, Homer received semiannual interest payment On January 31, 2017 Homer company sells the Treasury bonds at 98, which is a price equal to 98% of their face amount Journalize these transactions