Journal Instruct The foilowing bond investment transactions were completed during 2016 by Starks Company Jan. 31 Purchased 84, $1,000 government bonds at 100 plus 30 days' accrued interest The bonds pay 6% annual interest on July 1 and January 1 Received semiannual interest on bond investment Sold 27, $1,000 bonds at 97 plus $270 accrued interest July 1 Aug. 29 Required: a. Journalize the entries for these transactions. Refer to the Chart of Accounts for exact wording of account tites. Assume a 360-day year b. Provide the December 31, 2016, adjusting journal entry for semiannual interest earned on the bonds Chart of Accounts CHART OF ACCOUNTS Starks Company Previous