TB MC Qu. 12-34 (Algo) On January 1, 2021, Rupar Retailers purchased... On January 1, 2021, Rupar Retailers purchased $125,000 of Anand Company bonds at a premium of $9,000. The Anand bonds pay 7% interest but were purchased when the market interest rate was 6% for bonds of similar risk and maturity. The bonds pay interest semiannually on June 30 and December 31 of each year. Rupar accounts for the bonds as a held to maturity investment and uses the effective interest method In Rupar's December 31, 2021, journal entry to record the second period of Interest, Rupar would record a credit to interest revenue of