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 . June 30 Dc. 31 Interest e Dec. 31 Adjusting entry