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 $386,000 of Medina City 3% bonds at 100 plus accrued interest of $2,895, paying interest semiannually. June July 30 31 Received first semiannual interest payment. Sold $157,200 of the bonds at 96 plus accrued interest of $393. Chart of Accounts CHART OF ACCOUNTS Hall Trust General Ledger REVENUE ASSETS 110 Cash 111 Petty Cash 410 Sales 611 Interest Revenue 120 Accounts Receivable 121 Allowance for Doubtful Accounts 612 Dividend Revenue 631 Gain on Sale of Investments 641 Unrealized Gain on Trading Investments 131 Notes Receivable 132 Interest Receivable EXPENSES 141 Merchandise Inventory 145 Office Supplies 161 Investments-Medina City Bonds 511 Cost of Merchandise Sold 512 Bad Debt Expense 165 Valuation Allowance for Trading Investments 516 Cash Short and Over 132 Interest Receivable 141 Merchandise Inventory EXPENSES 145 Office Supplies 161 Investments-Medina 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 511 Cost of Merchandise Sold 512 Bad Debt Expense 516 Cash Short and Over 520 Salaries Expense 531 Advertising Expense 534 Selling Expenses 535 Rent Expense 537 Office Supplies Expense 562 Depreciation Expense-Office Equipment 590 Miscellaneous Expense 710 Interest Expense LIABILITIES 210 Accounts Payable 221 Notes Payable 231 Interest Payable 731 Loss on Sale of Investments 241 Salaries Payable 741 Unrealized Loss on Trading Investments 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 Journalize the entries to record the transactions. Refer to the Chart of Accounts for exact wording of account titles. PAGE 10 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY