Pretzel Corporation owns 60 percent of Stick Corporation's voting shares. On January 1, 20X2, Pretzel Corporation...

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Pretzel Corporation owns 60 percent of Stick Corporation's voting shares. On January 1, 20X2, Pretzel Corporation sold $150,000 par value, 6 percent first mortgage bonds to Stick for $156,000. The bonds mature in 10 years and pay interest semiannually on January 1 and July 1 Required: a. Prepare the journal entries for 20X2 for Stick related to its ownership of Pretzel's bonds (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round your intermediate calculations. Round your final answers to nearest whole dollar.) View transaction list Journal entry worksheet 2 Record the investment in the bonds of Pretzel Corporation. Note: Enter debits before credits Date January 1, 20x2 General Journal Debit Credit Record entry Clear entry View general journal Pretzel Corporation owns 60 percent of Stick Corporation's voting shares. On January 1, 20X2, Pretzel Corporation sold $150,000 par value, 6 percent first mortgage bonds to Stick for $156,000. The bonds mature in 10 years and pay interest semiannually on January 1 and July 1 Required: a. Prepare the journal entries for 20X2 for Stick related to its ownership of Pretzel's bonds (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round your intermediate calculations. Round your final answers to nearest whole dollar.) View transaction list Journal entry worksheet 2 Record the investment in the bonds of Pretzel Corporation. Note: Enter debits before credits Date January 1, 20x2 General Journal Debit Credit Record entry Clear entry View general journal