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Instructions Chart of Accounts General Journal Instructions On December 31, 2018, Leslie Company held an investment in bonds of Kaufmann Company which it categorized as being held to maturity. At that time, the 7%, $100,000 face value bonds had a carrying value of $107,360.11 and were being amortized using the effective interest method based on a market rate of 6%. Interest on these bonds is paid annually each December 31. On December 31, 2019, after recording the interest earned, Leslie decided to reclassify the Kaufmann bonds to its available-for-sale category in anticipation of a major restructuring. At that time, the ending quoted market price for the bonds was $105,000. Required: Prepare the journal entries on December 31, 2019, to record the interest earned and the reclassification. Instructions Chart of Accounts General Journal General Journal rieparere journal erwes u vecerwer, 2019, TECOru re weresi care and we rexiassica. Chart of Accounts ASSETS REVENUE 111 Cash 411 Sales Revenue General Journal Instructions 431 Interest Income PAGE 1 114 Investment in Available-for-Sale Securities 119 Allowance for Change in Fair Value of Investment 121 Accounts Receivable EXPENSES GENERAL JOURNAL 500 Cost of Goods Sold 511 Insurance Expense DATE ACCOUNT TITLE POST. REF. DEBIT CREDIT 1 1 141 Inventory 512 Utilities Expense 152 Prepaid Insurance 521 Salaries Expense 2 181 Equipment 532 Bad Debt Exponse 3 540 Interest Expense 2 189 Accumulated Depreciation 191 Investment in Held-to-Maturity Debt Securities 541 Depreciation Expense 5 559 Miscellaneous Expenses 6 7 LIABILITIES 910 Income Tax Expense 912 Unrealized Holding Gain/Loss: A for-Sale Securities 211 Accounts Payable 231 Salaries Payable 250 Unearned Revenue 261 Income Taxes Payable