Question 1 onMay, 2018, Kirmer Co poration purchased $916,000 of i4% bonds, interest payable on anuary i and 1, 2024. Amortization is recorded when interest is received by the straight-line method. (Assume bonds are available for sale.) Jhyl S853 300 plus a c ued interest. The bonds mature on January (a) Your answer is partially correct. Try again. Prepare the journal entry for May 1, 2018. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit May 1, 2018-|Debt Investm Attempts: 2 of 2 used (b) The bonds are sold on August 1, 2019 for $843,200 plus accrued interest. Prepare all entries required to properly record the sale. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round answers to 0 decimal places, e.o. 5,275.)