On March 1, 2024, Navy Corporation used excess cash to purchase U.S. Treasury bonds for $103,000 plus accrued interest. The bono 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 $104,000 at year-end. Required: Prepare the appropriate joumal entries to record the transactions for the year, including any year-end adjustments. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to the nearest whole dollar amounts. Journal entry worksheet Record the purchase of U.S Treasury bonds for cash and accrued interest. Nove: Finter dobin before credits