On March 1, 2021, Navy Corporation used excess cash to purchase U.S. Treasury bonds for $100,000 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 $101,000 at year-end. Required: Prepare the appropriate journal entries to record the transactions for the year, including any year-end adjustments. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 Record the purchase of US Treasury bonds for cash and accrued interest. Note: Enter debits before credits. Date General Journal Debit Credit March 01 Record entry Clear entry View general journal 144 HWULULLOUIELI. View transaction list Journal entry worksheet Record the entry for interest received. Note: Enter debits before credits. Date General Journal Debit Credit December 31 Record entry Clear entry View general journal