Required Information EA-1 (Algo) Recording Bonds Held to Maturity LOA-1 [The following information applies to the questlons displayed below.] Electronic Arts Incorporated "Is a global leader In digital Interactive entertainment. We develop, market, publish and dellver games, content and services that can be played and watched on game consoles, PCs, mobile phones and tablets." Popular brands Include Battlefield, The Sims, Madden NFL, and Star Wars. The company reported over \$5.5 billion In revenue in a recent year. Assume that as part of Its cash management strategy, Electronic Arts purchased \$11.1 million in bonds at par for cash on July 1 of the current year. The bonds pay 10 percent Interest annually, with payments on June 30 and December 31 , and mature in 8 years. The company plans to hold the bonds untll maturity. EA-1 Part 1 Required: 1. Record the purchase of the bonds on July 1 of the current year. Note: If no entry ls required for a transaction/event, select "No journal entry required" In the first account fleld. Enter your answers In whole dollars not In millions (l.e., 1,000,000 not 1.0). Journal entry worksheet Record the purchase of the bonds on July 1 of the current year. Note: Enter debits before credits. Required Information EA-1 (Algo) Recording Bonds Held to Maturity LOA-1 [The following information applies to the questions displayed below.] Electronic Arts Incorporated "Is a global leader In digital Interactive entertainment. We develop, market, publish and dellver games, content and services that can be played and watched on game consoles, PCs, mobile phones and tablets." Popular brands Include Battlefield, The Sims, Madden NFL, and Star Wars. The company reported over $5.5 billion in revenue in a recent year. Assume that as part of Its cash management strategy, Electronic Arts purchased \$11.1 million in bonds at par for cash on July 1 of the current year. The bonds pay 10 percent Interest annually, wlth payments on June 30 and December 31, and mature in 8 years. The company plans to hold the bonds untll maturity. EA-1 Part 2 2. Record the recelpt of Interest on December 31 of the current year. Note: If no entry is requlred for a transaction/event, select "No journal entry requlred" In the first account fleld. Enter your answers in whole dollars not In millions (l.e., 1,000,000 not 1.0). Journal entry worksheet Record the receipt of interest on December 31 of the current year. Note: Enter debits before credits