The following bond investment transactions were completed during a recent year by Starks Company: Year 1 Jan. 31 Purchased 84, $1,000 government bonds at 100 plus accrued interest of $420 (one month). The bonds pay 6% annual interest on July 1 and January 1.. July 1 Received semiannual interest on bond investment. 30 Sold 27, $1,000 bonds at 97 plus $270 accrued interest (two months). Aug. Required: a. Journalize the entries for these transactions. Refer to the Chart of Accounts for exact wording of account titles. Assume a 360-day year. b. Provide the December 31, Year 1, adjusting journal entry for semiannual interest earned on the bonds. 10 ACCOUNTING EQUATION JOURNAL DATE DESCRIPTION POST REF DEBIT CREDIT ASSETS 11 Adjusting Entries 12 1 LIABILITIES EQUITY