W Ch16-... Ch16-Investments WP Wiley C... W Accoun... NWP As... + 88 education.wiley.com C... Visage.. On July... On July... Untitled Get Ho... Mail - K... | Chegg... Question 13 of 15 View Policies Current Attempt in Progress -13 On August 1, 2021. Cheyenne Corporation, a public company purchased $110,400 of Alaska Ltd. five-year, 7% bands stpor. The hondhwa pucal for tracking papers and pay interest; semi-annually un January 31 and July 31 of coch year. On December 31, 2021. Cheyenne's year end, the bonds' fair value was $111,100. The bonds were sold on February 1, 2002 for $112200 Record the purchase of the hands on August 1,2021.(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 0 for the amounts.) Date Account Titles and Explanation Aug. 1 Debit Credit To record purchase of investment! Record any adjusting journal entries that are required at December 31.2021 (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 0 for the amounts. Round answer to O decimal places, e.. 5,276.) Date Account Titles and Explanation Dec. 11 Dec. 31 (To accrue interest revenue) (Torrefair value adjustment.) Debit Credit