. 20 points PROBLEM 1 DEBT INVESTMENTS 3 JOURNAL ENTRIES Glaser Company had the following transactions pertaining to debt securities held as a short-term investment: 1-Jan Purchased 5, 8%, $1,000 Adler Company bonds for $5,000 cash. Interest is payable semi-annually on July 1 and January 1. 3 1-Jul 31-Dec Received semi-annual interest on Adler Company bonds Sold 3 Adler Company bonds for $3,200. Prepare the journal entries for Glaser Co. Date Account Title Debit Credit