Rantzow-Lear Company buys and sells debt securities expecting to earn profits on short-term differences in price. The company's fiscal year ends on December 31. The following selected transactions relating to Rantzow-Lear's trading account occurred during December 2018 and the first week of 2019. 2018 Dec. 17 Purchased 135 Grocers' Supply Corporation bonds for $607,500 28 Received interest of $3,400 from the Grocers Supply Corporation bonds. 31 Recorded any necessary adjusting entry relating to the Grocers Supply Corporation bonds. The market price of the bonds were $5,000 per bond 2019 Jan. 5 Sold the Grocers' Supply Corporation bonds for $641,250 Required: 1. Prepare the appropriate journal entry or entries for each transaction. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 12 9 Purchased 135 Grocers' Supply Corporation bonds at par of $607,500 Note: Enter debits before credits. Date General Journal Debit Credit December 17, 2018 Record entry Clear entry View general journal