Prepare Garzon Company's journal entries to record the following transactions for the current year. January 1 Purchases 7% bonds (as a held-to-maturity investment) issued by PBS at a cost of $50,400, 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 ($50,400) and the second semiannual payment of interest. View transaction list Journal entry worksheet 1 2 3 Purchases 7% bonds (as a held-to-maturity investment) issued by PBS at a cost of $50,400, which is the par value. Note: Enter debits before credits. Date January 01 General Journal Debit Credit Journal entry worksheet 1 2 3 Receives first semiannual payment of interest from PBS bonds. Note: Enter debits before credits. Date June 30 General Journal Debit Credit Record entry Clear entry View general journal > Journal entry worksheet < 1 2 3 Receives a check from PBS in payment of principal ($50,400) and the second semiannual payment of interest. Note: Enter debits before credits. Date December 31 General Journal Debit Credit Record entry Clear entry View general journal