19-2 (IAA) Mature Company carried out the following transactions in bond investments held for trading during the current year. Aug. 1 Purchased 5,000, P1,000, 12% bonds of Acme Company at 104 plus accrued interest of P150,000 The bonds pay interest semiannually on May I and November 1.. 31 Purchased 2,000, P1,000, 12% bonds of Avco Company at 98 plus accrued interest. Semiannual payment of interest, June 30 and December 31. Dec. 1 Sold 2,000 of the Acme bonds at 102 plus accrued interest. 31 The following quotations were obtained: Required: Acme bonds Avco bonds a. Prepare journal entries to record the transactions. b. Present the investments on December 31. 385