AC company. purchased $24000 of 4% 10-year DCshoe bonds on July 12 2012 directly

AC company. purchased $24000 of 4% 10-year DCshoe bonds on July 12 2012 directly from the county at par value. The bonds pay semiannual interest on May 1 and November 1. On December 1 2012 AC company. sold $6000 of the DCshoe bonds at 98 plus $20 accrued interest less a $100 brokerage commission. Assume a 360-day year.1- Provide the journal entry for the purchase of the bonds on July 12 plus 72 days of accrued interest.investement DC=interest receivable=cash=2. Provide the journal entry for semiannual interest on November 1.cash=interest receibalbe=interect revenue=3. Provide the journal entry for sale of the bonds on December 1.cash=loss on sale =interest revenue=invenstement in DCshoe=4. Provide the adjusting entry for accrued interest of $120 on December 31 2012.??=??=