Q3: Yiting Corporation acquired as trading security $250 million of 4% bonds, dated July 1, on July 1, 2018, The market interest rate (yield) was 6% for bonds of similar risk and maturity. Yiting paid $200 million for the bonds. The company will receive interest semiannually on June 30 and December 31. As a result of changing market conditions, the fair value of the bonds at December 31, 2018, was $212 million. 1) Prepare the journal entry to record Yiting's investment in the bonds on luly 1, 2018. GENERAL LEDGER DESCRIPTION DEBIT CREDIT Jul.1