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PILllem Bond Investment Transactions Journalize the entries to record the following selected bond investment transactions for Starks Products For a compound transaction, if an amount

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PILllem Bond Investment Transactions Journalize the entries to record the following selected bond investment transactions for Starks Products For a compound transaction, if an amount box does not require an entry, leave it blank. a. Purchased for cash $66,000 of Iceline, Inc. 8% bonds at 100 plus accrued interest of $880, paying interest semiannually Investments-Iceline, Inc. Bonds 66,000 Interest Receivable Cash 66,880 b. Received first semiannual interest payment. Cash Interest Receivable Interest Revenue c. Sold $44,000 of the bonds at 102 plus accrued interest of $330. Cash Interest Revenue Gain on Sale of Investments Investments-Iceline, Inc. Bonds

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