View Policies Current Attempt in Progress On January 1, 2021. Wildhorse Ltd. a public company, purchased $65,000 of 5-year, 8% bonds at par from Swifty Corporation Interest is received semi-annually on July 1 and January 1 Wildhorse purchased the bonds to earn interest. At December 31, 2021. the bonds were trading at 103. (a) Prepare the journal entry to record the purchase of the bonds on January 1. (Credit account titles are automatically indented when the amount is entered. Do not indent manually . If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Credit Debit Jan. 1 (To record purchase of bond investment.)