Rekya Mart Inc. is a general merchandise retail company that began operations on January 1, 2015. The following are bond (held-to-maturity) transactions by Rekya Mart Inc., which has a fiscal year ending on December 31: 2015 Apr. 1. May 16. Purchased $78,000 of Smoke Bay 7%, 10-year bonds at their face amount plus accrued interest of $910. The bonds pay interest semiannually on February 1 and August 1. Purchased $110,000 of Geotherma Co. 6%, 12-year bonds at their face amount plus accrued interest of $275. The bonds pay interest semiannually on May 1 and November 1. Aug. 1. Received semiannual interest on the Smoke Bay bonds. Sept. 1. Sold $31,200 of Smoke Bay bonds at 103 plus accrued interest of $182. Nov. 1. Received semiannual interest on the Geotherma Co. bonds. Dec. 31 Accrued interest on the Smoke Bay bonds. Dec. 31 Accrued interest on the Geotherma Co. bonds. 2016 Feb. 1. Received semiannual interest on the Smoke Bay bonds. May 1. Received semiannual interest on the Geotherma Co. bonds. Required: 2015 Apr. 1. Date Interest Receivable Cash Description Debit Credit Investments-Smoke Bay Bonds 78,000 910 78,910 May 16. Investments-Geotherma Co. Bonds 110,000 Interest Receivable Cash 275 110,275 Aug. 1. Cash Interest Receivable Interest Revenue Sept. 1. Cash Interest Revenue Gain on Sale of Investment Investments-Smoke Bay Bonds Nov. 1. Cash Interest Receivable Interest Revenue Dec. 31 Smoke Bay Interest Receivable Interest Revenue 2,730 32,318 3,300 780 910 1,820 182 936 31,200 275 3,025 780 x Dec. 31 Geotherma Interest Receivable 550 Ca 550 x Interest Revenue 2016 Feb. 1. Cash 1,638 Interest Receivable Interest Revenue May 1 Cash Interest Receivable Interest Revenue 3,300 000 000