On January 1, 2017, Garzon purchased 7.50% bonds issued by PBS Utilities at a cost of $60,000, which is their par value. The bonds pay interest semiannually on July 1 and January 1. For 2017, prepare entries to record Garzon's July 1 receipt of interest and its December 31 year-end interest accrual. (Do not round your intermediate calculations.) View transaction list Journal entry worksheet Record the receipt of interest on July 1, 2017 Note: Enter debits before credits. Date General Journal Debit Credit uly311 Record entry Clear entry View general journal