On May 1 of the current year, a company paid $300,000 cash to purchase 6.5%, 10-year bonds with a par value of $300,000; interest is paid semiannually each May 1 and November 1. The company intends to hold these bonds until they mature. Prepare the journal entry to record the bond purchase. Prepare the journal entry to record the receipt of the first semiannual interest payment on November 1. Prepare the journal entry for the accrual of interest for the year-end December 31