31. in the first account field.) Journal entry worksheet July 01, 2018 80,000 K Prex4 of 4Next Lance Brothers Enterprises acquired $695,000 of 3% bonds, dated July 1, on July 1, 2018, as a long-term investment. Management has the positive intent and ability to hold the bonds until maturity. The market int erest rate 615,000 for the investment in bonds and will receive interest semiannually on June 30 and December yield was 4% for bonds of similar risk and 31. on December 31, 2018, at the effective (market) rate. (If no entry is requi in the first account field.) red for a transaction/event, select "No journal entry required" Journal entry worksheet Record interest on December 31, 2018, at the effective (market) rate Debit 31, 2018 Next 4 of 4