On January 1, 2021. Wildhorse Ltd. a public company. purchased $654,000 of 5-year, 8% bonds at par from Swifty Corporation. Interest is received serni-annually on July 1 and January 1. Wildhorse purchased the bonds to earn interest. At December 31, 2021, the bonds were trading at 103. (a) Your Answer Correct Answer Your answer is correct. Prepare the journal entry to record the purchase of the bonds on January 1. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts) Date Account Titles and Explanation Debit Credit Investments at Amortized Cost Jan. 1 654.000 Cath 654,000 To record purchase of bond investment.) eTextbook and Media Attempts: 1 of 1 used Question Part Score 2/2 (b) Your Answer Correct Answer & Your answer is correct. On January 1, 2021. Wildhorse Ltd. a public company. purchased $654,000 of 5-year, 8% bonds at par from Swifty Corporation. Interest is received serni-annually on July 1 and January 1. Wildhorse purchased the bonds to earn interest. At December 31, 2021, the bonds were trading at 103. (a) Your Answer Correct Answer Your answer is correct. Prepare the journal entry to record the purchase of the bonds on January 1. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts) Date Account Titles and Explanation Debit Credit Investments at Amortized Cost Jan. 1 654.000 Cath 654,000 To record purchase of bond investment.) eTextbook and Media Attempts: 1 of 1 used Question Part Score 2/2 (b) Your Answer Correct Answer & Your answer is correct