PROBLEM 1(Use 6-column worksheet) The following account appears on the books of ELOHIM Company. Prepare any necessary correcting entries, assuming that the debt investment is designated @ amortized cost securities, the term is ten years. Date Transactions Unit Cost Debit 8/1/2008 Purchased 10 bonds at 90 plus interest of P400 900 9,400 10/1/2008 Received P600 interest 11/1/2008 Sold 5 bonds, sales price plus interest, less commission Credit 600 4,400