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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 and July 1. Required: a. Prepare the journal entries for 20x2 for Suick 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 1 2 3 Record the investment in the bonds of Pretzel Corporation. Noter Enter debits before credits. Debit Credit Gooneral Inmal b. Prepare the journal entries for 20X2 for Pretzel related to the 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

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