Question 13 of 18 > View Policies -/1 E. Current Attempt in Progress On January 1, 2022, Pharoah AG made an investment in 85,000 of the 10%, 5-year bonds of Chester Corporation for 78,873, which provides an 12% return. Garfield plans to hold these bonds to collect contractual cash flows. Prepare Pharoah's journal entries for (a) the purchase of the investment, and (b) the receipt of annual interest on December 31 and discount amortization. (Round answers to O decimal places, e.g. 1,225. 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 O for the amounts.) No. Account Titles and Explanation (a) (b) Debit Credit