On March 1, 2021, Navy Corporation used excess cash to purchase U.S. Treasury bonds for $109,000 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 $110,000 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 U.S Treasury bonds for cash and accrued interest. Note: Enter debits before credits. Date General Journal Debit Credit March 01 Interest receivable Investment in bonds Cash Record entry Clear entry View general journal >