On February 1, 30, Redfeather Company purchased $72,000 of Watson Company 9% bonds at 91. The bonds were dated December 31, 29, and pay interest on June 30 and December 31. Required: Prepare the journal entry to record the purchase of the bonds in Redfeather's books. Date Account Title Debit Feb. 5 ? On December 31, 28, Perez Company issued $190,000 of 15-year, 7% bonds for $209,000. These bonds were issued to yield an effective interest rate equal to the current market rate of 6%. The bonds pay interest on June 30 and December 31. Required: Journalize the entry to record the interest payment and the amortization of bond discount or bond premium on June 30, 29. Note: Perez Company uses the effective interest method of amortization of bond discount or bond premium. Round your responses to the nearest dollar Date Account Title Credit