The drop down for the account section is: accumulated amortization, amortization expense, cash, held-tomaturity investment in bonds, interest receivable, interest revenue. Thanks!

On January 1, 2018, Troutdale Industries purchased $15,000 of 7% LTP bonds at a price of 100 (par.) Troutdale intends to hold the bonds until their maturity date of January 1, 2021. The bonds pay interest semiannually on each January 1 and July 1. Record the initial purchase of the bonds on January 1, 2018, and the receipt of the interest on the first interest payment date of July 1, 2018. (Record debits first, then credits. Exclude explanations from any journal entries.) First, record the initial purchase of the bonds on January 1, 2018. Journal Entry Accounts Date Debit Credit Jan 1 Now record the receipt of the interest on the first interest payment date of July 1, 2018. Journal Entry Accounts Date Debit Credit Jul 1