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 9% bonds (as a held-to-maturity investment) issued by PBS at a cost of $41,600, 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 ($41,600) and the second semiannual payment of interest. View transaction list Journal entry worksheet 1 2 > Purchases 9% bonds (as a held-to-maturity investment) issued by PBS at a cost of $41,600, which is the par value. Note: Enter debits before credits. Purchases 9% bonds (as a held-to-maturity investment) issued by PBS at a cost of $41,600, which is the par value. Note: Enter debits before credits. Date General Journal Debit Credit January 01 Record entry Clear entry View general journal