ok Show Me How Received first semiannual interest payment. Cash 2,310 Interest Receivable 770 Interest Revenue 1,540 V Enter your search term Feedback Check My Work b. Record the interest revenue as...

Extracted text: ok Show Me How Received first semiannual interest payment. Cash 2,310 Interest Receivable 770 Interest Revenue 1,540 V Enter your search term Feedback Check My Work b. Record the interest revenue as earned. Bond principal x interest rate x time = Total interest. Remember the books. c. Sold $44,000 of the bonds at 103 plus accrued interest of $500. Cash Feedback Y Check My Work C. Calculate the proceeds: First compute the % x face amount of bonds sold. Next, adjust the interest and commission. To complete the entry, determine any gain or loss on the transaction. Check My Work Email Instructor Save and Exit All work saved.