Recording Entries for Debt HTM Investments On January 1, 2020, Sharp Company purchased $80,000 of Sox Company 6% bonds, at a time when the market rate was 5%. The bonds mature on December 31, 2024, and pay interest annually on December 31. Sharp plans to and has the ability to hold the bonds until maturity. Assume that Sharp uses the effective interest method to amortize any premium or discount on investments in bonds. At December 31, 2020, the bonds are quoted at 92. a. Prepare the entry for the purchase of the debt investment on January 1, 2020 6. Prepare the entry for the receipt of interest on December 31, 2020, c Record the entry to adjust the investment to fair value on December 31, 2020, if applicable. Note: Do not round until your final answers. Round your final answers to the nearest whole dollar. Note: List multiple debits or credits (when applicable) in alphabetical order. Note: If a journal entry isn't required for the transaction, select "N/A" as the account names and leave the Dr. and Cr. answers blank (zero). Account Name Dr Cr. Date a. Jan. 1, 2020 5. Dec 31, 2020 C Dec 31, 2020