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vlue 1000 points Tsunami Sushi purchases $140,000 of 5-year, 8 % bonds from Deep Sea Explorers on January 1, Mansgement intends to hold the debt seourities to maturity For bonds of similar risk and maturity the market rate is 9 %. Tsunami paid $134,461 for the bonds. It receives interest semiannually on June 30 and December 31,. Due to changing market conditions, the fair value of the bonds at December 31 is $133.000 Required 1,2&3. Record the necessary entries reganding the bonds (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Vew transaction st Journal entry worksheet Required: 1., 2.& 3. Record the necessary entries regarding the bonds. (If no entry is required for a transaction/event, select "No journal Answer is not complete. Credit Debit General Journal Transaction No 134,461 Investments 1 1 134,461 Cash 2 Interest expense 6,051 Cash 5,600 Bonds payable 451 3 Bonds payable 3 6,071 Cash 5,600 471 4. At what amount will Tsunami Sushi report its investment in the December 31 balance sheet? Answer is complete and correct. Investment $ 135,383 equired: ., 2.& 3. Record the necessary entries regarding the bonds. (If no entry is required for a tr View transaction list Journal entry worksheet 2 3 Record the receipt of first semiannual interest revenue. Note: Enter debits before credits. Transaction General Journal Debit Credit 2 Record entry Clear entry View general journal -, 2.& 3. Record the necessary entries regarding the bonds. (If no entry is required for a tran View transaction list Journal entry worksheet

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