Prepare Garzon Company's journal entries to record the following transactions for the current year. Jan. 1 Purchases 88 bonds (as a held-to-maturity investment) issued by PBS at a cost of $43,200, which is the par value. July 1 Receives first semiannual payment of interest from PBS bonds. Dec. 31 Receives a check from PBS in payment of principal ($43,200) and the second semiannual payment of interest. View transaction list Journal entry worksheet 1 2 3 Purchases 8% bonds (as a held-to-maturity Investment) issued by PBS at a cost of $43,200, which is the par value. Note: Enter debits before credits Date General Journal Debit Credit Jan. 1 Record entry Clear entry View general journal