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Prepare Garzon Company's journal entries to record the following transactions for the current year Jettery 1 Purchases 6 Bonds (as a held to-maturity Investment) Issued

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Prepare Garzon Company's journal entries to record the following transactions for the current year Jettery 1 Purchases 6 Bonds (as a held to-maturity Investment) Issued By pas at a coat of 340,800, which is the par valties June 31 Receives first semiauntal payment of Interest from Pus bonds. December 31 Receives a check from PSS in payment of principal ($40,800) and the second semiannual payment of interest. View transaction list Journal entry worksheet 2 3 Purchases 6% bonds (as a held-to-maturity investment) issued by PBS at a cost of $48,800, which is the par value. Note: Enter debits before credits. Date General Journal Debit Credit January 01 Debt investments - Held-to-maturity 48,800 Cash 48,800 Record entry Clear entry View general journal

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