On September 1, Bridgeport Ltd, purchased $76,200 of five-year, 8% bonds for $67,584, resulting in an effective (yield) rate of 11%. The bonds pay interest each March 1 and September 1. Bridgeport applies ASPE, accounts for the investment under the amortized cost approach using the effective interest accounting policy, and has a December 31 year end. The following March 1, after receiving the semi-annual interest on the bonds, Bridgeport sells the ponds for $70,234. Your answer is partially correct. Prepare Bridgeport's journal entry for any adjusting entry needed at December 31. (Credit account titles are outomatically indented when the amount is entered. Do not indent manualiy. If no entry is required, select "No Entry" for the account titles and enter ofor the amounts. List all debit entries before credit entries. Round answers to O decimal places, e9. 5, 275.) Prepare Bridgeport's journal entry for any adjusting entry needed at December 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter of for the amounts. List all debit entries before credit entries. Round answers to 0 decimal places, es. 5,275.) Date Account Titles and Explanation Dec. 31 Interest Receivable Debit Credit Bond imvestment at Amortized Cost Interest Income eTextbook and Media Prepare Bridgeport's journal entry for the receipt of interest on March 1. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select " No Entry" for the account titles and enter Ofor the amounts. List all debit entries before credit entries. Round answers to 0 decimal places, eg. 5,275.)