Sandy Sensations purchases twenty five $1,000,7%, 19-year bonds issued by Pizza Pier for $25,000 on January 1, 2021. The market interest rate for bonds of similar risk and maturity is 7%. Interest is received semiannually on June 30 and December 31. 1. & 2. Record the necessary entries regarding the bonds. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field. Do not round your intermediate calculations.) View transaction list 5:15 Journal entry worksheet