2.

Carla Vista Company purchased 70 Rinehart Company 5%, 10-year, $1,050 bonds on January 1, 2020, for $73,500. The bonds pay interest annually on January 1. On January 1, 2021, after receipt of interest Carla Vista Company sold 40 of the bonds for $40,425. Prepare the journal entres to record the transactions described above. (Hound answers to decimal places, eg. 15,250. Credit account titles are automatically indented when amount senteret De not indent manually. If no entry is required, select "No entry for the account titles and enter o for the amounts Record journal entries in the order presented in the problem.) Date Account and Explanation Debat Credit To record receipt of interest To record sale of onds