Prepare Garzon Company's journal entries to record the following transactions for the current year. January 1 Purchases 9% bonds (as a held-to-maturity investment) issued by PBS at a cost of $58,400, which is the par value. June 30 Receives first semiannual payment of interest from PBS bonds. December 31 Receives a check from PBS in payment of principal ($58,400) and the second semiannual payment of interest. Journal entry worksheet Purchases 9% bonds (as a held-to-maturity investment) issued by PBS at a cost of $58,400, which is the par value. Note: Enter debits before credits. Journal entry worksheet Receives first semiannual payment of interest from PBS bonds. Note: Enter debits before credits. Journal entry worksheet Receives a check from PBS in payment of principal ($58,400) and the second semiannual payment of interest. Note: Enter debits before credits