Rotor inc purchased $3,000,000 8% 5-year bonds on January 1, 2022 interest payments will be received on June 30th and December 31st. The bonds were purchased for $3.124.740 at an effective interest rate of 7% Assume Ritter classifies these bonds as Available For Sale and uses the effective interest method to amortize premiums and discounts At June 30, 2022 end of the first interest payment period) Ritters journal entry will include a Oa Debit to Premium on Bonds Receivable for $109.368 Ob Credit to Interest Revenue for $120,000 CeCredit to Premium on Bonds Receivable for $10,634 Od Debit to Available For Sale Debt Securities for $10,034 Oe Credit to Available For Sale Debt Securities for $10,634 Moving to another question will save this response. Question 27 of 36