On January 1, 2020, Barnes Company purchased 9.00% bonds issued by Silver Company at a cost of $44,000, which is their par value. The bonds pay Interest semiannually on July 1 and January 1. Required: Prepare the journal entries to record Barnes Company's July 1, 2020 receipt of Interest and its December 31, 2020 year-end Interest accrual. (Do not round Intermediate calculations. Round your final answers to the nearest dollar amount.) View transaction list Journal entry worksheet 1 2 > Record the receipt of interest on July 1, 2020. Note: Enter debits before credits. Date General Journal Debit Credit Jul 01 Record entry Clear entry View general journal