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Entries for bond (held-to-matunty) investments Gillooly Co. purchased 587,000 of 8%,10-year Lumpkin County bonds on May 11, Year 1, dirtcthy from the courty, at their

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Entries for bond (held-to-matunty) investments Gillooly Co. purchased 587,000 of 8%,10-year Lumpkin County bonds on May 11, Year 1, dirtcthy from the courty, at their face amoure this ateried niterat. 1he Eonds pay semiannual interest on April 1 and October 1. On October 31, Year 1, Gillooly Co, sold $36,000 of the lumpkin Courky benis at 192 plun 5240 actrued interent lest a \$ess brokerage commission. Journailze the entries to record the following: Do not round interim calculations. Round final ariswers to nearest dollar. 1f an amount box dees not regork an enty, blank. Assume a-360-day year. a. The purchase of the bonds on May 11 plus 40 days of accrued interest

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