On January 1, 2019, Gatrong Corporation purchased 13%, 5-year Fleming Corporation bonds with a face value of $200,000. It expects to hold these bonds until maturity. The bonds pay interest semiannually on June 30 and December 31. Gatrong paid $223, 165, a price that yields a 10% effective annual interest rate. Required: Prepare the journal entry of Gatrong to record the purchase of the bonds. CHART OF ACCOUNTS Gatrong Corporation General Ledger ASSETS REVENUE 111 Cash 411 Sales Revenue 121 Accounts Receivable 431 Interest Income 141 Inventory 152 Prepaid Insurance EXPENSES 181 Equipment 500 Cost of Goods Sold 189 Accumulated Depreciation 511 Insurance Expense 191 Investment in Held-to-Maturity Debt Securities 512 Utilities Expense 521 Salaries Expense LIABILITIES 532 Bad Debt Expense 211 Accounts Payable 231 Salaries Payable 540 Interest Expense 541 Depreciation Expense 559 Miscellaneous Expenses 250 Unearned Revenue 261 Income Taxes Payable 910 Income Tax Expense EQUITY 311 Common Stock 331 Retained Earnings Prepare the journal entry of Gatrong to record the purchase of the bonds on January 1. General Journal Instructions PAGE 1 GENERAL JOURNAL DATE ACCOUNT TITLE POST. REF. DEBIT CREDIT