Journalize the entries to record the following selected bond investment transactions for Hall Trust (refer to the Chart of Accounts for exact wording of account titles): Apr. 1 Purchased for cash $388,000 of Oates City 4% bonds at 100 plus accrued interest of $3,880. June 30 Received first semiannual interest payment. July 31 Sold $154,800 of the bonds at 96 plus accrued interest of $516.

CHART OF ACCOUNTS- Hall Trust- General Ledger

ASSETS- 110 Cash, 111 Petty Cash,120 Accounts Receivable, 121 Allowance for Doubtful Accounts, 131 Notes Receivable,132 Interest Receivable, 141 Merchandise Inventory, 145 Office Supplies, 161 Investments-Oates City Bonds, 165 Valuation Allowance for Trading Investments, 166 Valuation Allowance for Available-for-Sale Investments, 181 Land, 193 Office Equipment, 194 Accumulated Depreciation-Office Equipment

LIABILITIES- 210 Accounts Payable,221 Notes Payable, 231 Interest Payable, 241 Salaries Payable

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