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Journalize the entries to record the following selected bond investment transactions for Starks Products: For a compound transaction, if an amount box does not require

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Journalize the entries to record the following selected bond investment transactions for Starks Products: For a compound transaction, if an amount box does not require an entry, leave it blank. a. Purchased for cash $72,000 of Iceline, Inc. 9% bonds at 100 plus accrued interest of $1,080, paying interest semiannually. Investments-Iceline, Inc. Bonds Interest Receivable Cash 9 99 b. Received first semiannual interest payment. Cash Interest Receivable Interest Revenue c. Sold $48,000 of the bonds at 102 plus accrued interest of $360. Cash Interest Revenue H00 Gain on Sale of Investments Investments-Iceline, Inc. Bonds

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