Marey's, Inc., operates nearly 850 Marcy's and Bloomington's department stores globally. The company does more than $24 billion in sales each year. Assume that as part of its cash management strategy, Marcy's purchased $10.5 million in bonds at par for cash on July 1 of the current year. The bonds pay 10 percent interest annually, with payments on June 30 and December 31, and mature in 9 years. Marcy's plans to hold the bonds until maturity. Required: 1. Record the purchase of the bonds on July 1 of the current year. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars not in millions (i.e., 1,000,000 not 1.0).) View transaction lit Journal entry worksheet Record the purchase of the bonds on July 1 of the current year, Note: Enter debit before credits General Journal Debit Credit Date July 01