On March 1, 2021, Navy Corporation used excess cash to purchase U.S. Treasury bonds for $99,000 plus accrued interest. The bonds were purchased at face value. The appropriate interest rate is 6%. Interest on these bonds is payable on January 1 and July 1 of each year. Navy's investment is accounted for as held-to-maturity. The fair value of the Treasury bonds is $100,000 at year-end.

1. Record the purchase of U.S Treasury bonds for cash and accrued interest.
2. Record the cash received for interest revenue and receivable.
3. Record the entry for interest received.