Bond (held-to-maturity) investments

The following bond investment transactions were completed by Starks Company:

Date	Transaction
Jan. 31.	Purchased $90,000 government bonds as a held-to-maturity investment at 100 plus accrued interest for 1 month. The bonds pay 5% annual interest on July 1 and January 1.
July 1.	Received semiannual interest on bond investment.
Aug. 30.	Sold $24,000 bonds at 97 plus accrued interest for 2 months.

Question Content Area

a. Journalize the entries for the preceding transactions. If an amount box does not require an entry, leave it blank.

Date	Account	Debit	Credit
Jan. 31	Bonds PayableCashInterest PayableInterest RevenueInvestments-Government Bonds	- Select -	- Select -
	Accounts ReceivableCashInterest ReceivableInterest RevenueLoss on Sale of Investments	- Select -	- Select -
	Accounts ReceivableCashInterest ReceivableInterest RevenueInvestments-Government Bonds	- Select -	- Select -
July 1	Accounts ReceivableCashInterest ReceivableInterest RevenueInvestments-Government Bonds	- Select -	- Select -
	Accounts ReceivableCashInterest PayableInterest ReceivableInvestments-Government Bonds	- Select -	- Select -
	Accounts ReceivableCashInterest PayableInterest RevenueInvestments-Government Bonds	- Select -	- Select -
Aug. 30	Accounts ReceivableCashGain on Sale of InvestmentsInterest RevenueInvestments-Government Bonds	- Select -	- Select -
	Accounts PayableAccounts ReceivableGain on Sale of InvestmentsInterest RevenueLoss on Sale of Investments	- Select -	- Select -
	Accounts ReceivableCashInterest ExpenseInterest RevenueLoss on Sale of Investments	- Select -	- Select -
	Accounts PayableCashInterest ExpenseInvestments-Government BondsLoss on Sale of Investments	- Select -	- Select -