Seniors Itd On January 1st, 2020, Seniors Itd purchased $10,000 of 5%, 3-year bonds. Interest is received semi-annually on June 30 and Dec 31. At December 31, 2020, Seniors' fiscal year end, the value of bonds is $12,000. Prepare the journal entries to record the purchase of the bonds, the receipt of interest, and any adjusting entries required at December 31 1) Assume that the investment was recorded with the fair value model + Net income. Jan. 1 e June 30 . Dc. 31 Interest Dec. 31 Adjusting entry A/R Cash Prepaid expenses Interest receivable Inventory Allowance for bad debt Equipment Investment Accumulated depreciation A/P Mortgage note payable Dividends payable Loan Dividends Common shares Preferred shares Sales Interest revenue Unrealized Gain(Statement of Earnings) Unrealized Gain(OCI Statement) Gain on disposal Sales discount Taxes expense Cost of good sold Rent expense Unrealized loss (Statement of Earnings) Unrealized Loss (OCI Statement) Interest expense Depreciation expense Insurance expenses Loss on disposal Bad debt expense