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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

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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 Note: Assume using straight-line amortization of bond discount or premium Required: a. Prepare the journal entries for 20x2 for Stick related to its ownership of Pretze's bonds. (If no entry is required for transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 Record the Investment in the bonds of Pretzel Corporation b. Prepare the journal entries for 20X2 for Pretzel related to the bonds. (If no entry is required for a transaction/event, select " journal entry required" in the first account field.) View transaction list Journal entry worksheet

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