Please help with question B

to search Problems (90 points - You must show your calculations to receive full credit) 6. On January 1, 2018, West Company purchased $600,000 of 6%, 5-year bonds, as an available-for-sale security, with interest payable on July 1 and January 1. The bonds sell for $623.625, which results in a premium of $23.625 and an effective interest of 4% Instructions (a) Prepare the journal entry on April 1, 2018. (b) Complete the Interest Revenue Received and Bond Amortization Schedule. (e) Prepare the journal entry to record interest revenue on July 1, 2018 Schedule Interest Revenue Bond Premium Amortization Cash Received Interest Revenue Bond Premium Amortization Carrying Amount OL Bonds 623.625 Date 1/1/18 7/1/18 1/1/19 7/1/19 1/1/20 7/1/20 1/1/21 7/1/21 1/1/22 7/1/22 1/1/23 7/1/23 Page 30