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Monster Inc purchased Wonka Industries bond investments on 1 / 1 and pay interest semiannually on 7 / 1 and 1 / 1 . The

Monster Inc purchased Wonka Industries bond investments on 1/1 and pay interest semiannually on 7/1 and 1/1. The bond value for Wanka Industries is 100,000 and pay 5% interest. Monster Inc purchased Initech bonds at 6% par valued at 50,000 on 7/1 and the are paid annually on 7/1.
1. Prepare entries when the bonds were purchased assuming the bonds are available for sale
1. Record the interest payment on 7/1
1. Record the accrual interest as of 12/31
1. Record interest payment on 1/1
1. Record the interest payment on 7/1

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