5. Forte Corporation had the following transactions in 2017 pertaining to debt investments. Purchased 60 10 % , $1,000 Wolfe Co. bonds for $61,200 cash on January 1, 2017. Interest is payable annually on January 1 2. Accrued interest on Wolfe Co. bonds on December 31, 2017. 3. Received interest on Wolfe Co. bonds on January 1, 2018 Sold 35 Wolfe Co. bonds for $38,500 on January 1, 2018. 1 4 Instructions (a) Journalize the transactions (b) Prepare the adjusting entry for the accrual of interest at December 31, 2018. (c) Indicate how interest receivable and interest revenue is reported including the amounts. the 2018 financial statements