On August 1, 2023, Concord Inc. acquired $150000 (face value) 10% bonds of Pharoah Corporation at 105 plus accrued interest. The bonds were dated May 1, 2023, and mature on April 30, 2026, with interest payable each October 31 and April 30. The bonds will be held to maturity. Assuming the amortized cost model is used, the entry to record the purchase of the bonds on August 1, 2023 is Bond Investment at Amortized Cost Interest Income Cash 161250 3750 157500 Bond Investment at Amortized Cost 157500 Interest Receivable 3750 Cash 161250 Bond Investment at Amortized Cost 150000 Premium on Bonds 11250 Cash 161250 Bond Investment at Amortized Cost 161250 Cash 161250