Credit Debit 200,000 Assume Jones Electronics has excess cash to invest and pays $200,000 to buy $200,000 face value 5%, five year, Beck Company bonds on January 1 of the current year. The bonds pay interest on June 30 and December 31 each year. Jones plans to hold the bonds to maturity, Date Accounts Jan 1 Cash Held-to-Maturity Debt Investments 200,000 The journal entry to record the purchase of the bonds with cash would be: Credit Date Jan 1 Accounts Cash Bonds Payable Debit 200,000 200,000 Credit Date Accounts Debit Jan 1 Bond Payable 200,000 Cash 200,000 Credit Debit 200,000 Date Accounts Jan 1 Held-to-Maturity Debt Investments Cash 200,000