Prepare Hertog Company's journal entries to record the following transactions for the current year. May 7 Purchases Kraft bonds as a short-term investment in trading securities at a cost of $10,580. June 6 Sells its entire investment in Kraft bonds for $11,250cash. Journal entry worksheet Sells its entire investment in Kraft bonds for $11,250 cash. Note: Enter debits before credits. Prepare Garzon Company's journal entries to record the following transactions for the current year. Jan. 1 Purchases 98 bonds (as a held-to-maturity investment) issued by PBS at a cost of $53,698, 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 ($53,600) and the second semiannuat payment of interest. Journal entry worksheet Receives first semiannual payment of interest from PBS bonds. Note: Enter debits before credits. Journal entry worksheet Recelves a check from PBS in payment of principal ($53,600) and the second semiannual payment of interest. Note: Enter debits before credits