Instructions Apr Joumalize the entries to record the following selected bond investment transactions for Hall Trust (refer to the Chart of Accounts for exact wording of account tibes) 1 Purchased for cash $372,000 of Medina City 3% bonds at 100 plus accrued interest of $2.790, paying interest semiannually Received first semiannual interest payment. July Sold $139,200 of the bonds at S8 plus accrued interest of $348. June 30 31 ccounts CHART OF ACCOUNTS Hall Trust General Ledger ASSETS REVENUE 0 Cash 410 Sales 11 Petty Cash 611 Interest Revenue 20 Accounts Receivable 612 Dividend Revenue 21 Allowance for Doubtful Accounts 631 Gain on Sale of Investments 31 Notes Receivable 641 Unrealized Gain on Trading Invest 32 Interest Receivable 141 Merchandise Inventory EXPENSES 145 Office Supplies 511 Cost of Merchandise Sold 161 Investments-Medina City Bonds 512 Bad Debt Expense 165 Valuation Allowance for Trading Investments 516 Cash Short and Over 166 Valuation Allowance for Available-for-Sale Investments 520 Salaries Expense f Accounts 210 Accounts Payable 590 Miscellaneous Expense 221 Notes Payable 710 Interest Expense 231 Interest Payable 731 Loss on Sale of Investm 241 Salaries Payable 741 Unrealized Loss on Trac EQUITY 311 Common Stock 312 Paid In Capital in Excess of Par-Common Stock 321 Preferred Stock 322 Paid-In Capital in Excess of Par-Preferred Stock 331 Treasury Stock 332 Paid-In Capital from Sale of Treasury Stock 340 Retained Earnings 350 Unrealized Gain (Loss) on Available-for-Sale Investments 351 Cash Dividends 352 Stock Dividends 390 Income Summary rk x PAGE 10 JOURNAL ACCOUNTING EQUATION DAL DESCRIPTION POST DEBIT CREOLE ASSET LIABILITIES QUITY 1 - 5 4 s le