On November 1, 1990, Rennco Company purchased \(50 \$ 1,000\) par value, \(11 \%\), 10-year Quatrain Corporation bonds dated December 31, 1989. The bonds pay interest semiannually on June 30 and December 31. Rennco Company bought the bonds at 98 plus accrued interest and an \(\$ 800\) brokerage fee. Rennco intends to hold the bonds as a temporary investment. Prepare journal entries for Rennco Company to record the purchase and to record the receipt of interest on December 31,1990 .