QS 15-6 (Algo) Accounting for debt investments classified as held-to-maturity LO P2 Prepare Garzon Company's journal entries to record the following transactions for the current year. January 1 purchasen 9t bonds (au a held-to-maturity inveatnent) 1ssued by PBS at a cost of 547,200 , which ia the par value. Jane 30 Heceives first sesiannual paynent of interent fron PB5 bonde. Deceaber J1 recelvea a check from pas in payment of principal ($47,200) and the necond veasiannual payment of interest. Journal entry worksheet Purchases 9% bonds (as a held-to-maturity investment) issued by PBS at a cost of $47,200, which is the par value. Noter Enter debits before credits QS 15-6 (Algo) Accounting for debt investments classified as held-to-maturity LO P2 Prepare Garzon Company's journal entries to record the following transactions for the current year. January 1 Purchases 9l bond (an a held-to-naturity investment) issued by PBS at a cont of 547,200 , which ia the par value. June 30 Receives firat seniannual payment of interest from PBS bonds. December 31 Receiven a check from PBS in payment of principal ($47,200) and the aecond neeiannual payment of interest. Journal entry worksheet 3 Recelves first semiannual poyment of interest from PBS bonds. Note: Enter debits before crodis. QS 15-6 (Algo) Accounting for debt investments classified as held-to-maturity LO P2 Prepare Garzon Company's journal entries to record the following transactions for the current year. January 1 Purchsses 90 bonde (as a held-to-maturity investment) 1ssued by PBS at a cost of 507,200 , which is the par value. June 90 riecelves tirst seniahnual paynent of interest fron PBS bosds. becember 31 Receiven a check from PaS in paynent of prineipal ($47,200}) and the second semiannoal payment of interest. Journal entry worksheet Receives a check from PBS in payment of principal ($47,200) and the second semiannual payment of interest. Watei Enter debits before credits