accounting journal entry
Wildhorse Corporation had the following transactions pertaining to debt investments. 1. Purchased 50 Leeds Ca.8% bonds (each with a face value of $1,000 ) for $50,000 cash. Interest is payable annually on January 1,2022. 2. Accrued interest on Leeds Co. bonds on December 31,2022. 3. Received interest on Lecds Ca bonds on January 1,2023. 4. Sold 40 teeds Co bonds for $48,000 on January 1,2023. Journalize the transaction, (List all debit entries before credit entries. Credit account tities are automatically indented when amount is entered. Do not indent manually. If no eptry is required, select "No entry" for the account titles and enter ofor the amounts: Record fournat entries in the order presented in the probtem.) 3. Received interest on Leeds Ca. bonds on January 1,2023. 4. Sold 40 Leeds Co: bonds for $48,000 on January 1, 2023. Journalize the transactions. (List all debit entries before credit entries. Credit account titles are outomatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter ofor the amounts. Record journal entries in the order presented in the problem.) Wildhorse Corporation had the following transactions pertaining to debt investments. 1. Purchased 50 Leeds Ca.8% bonds (each with a face value of $1,000 ) for $50,000 cash. Interest is payable annually on January 1,2022. 2. Accrued interest on Leeds Co. bonds on December 31,2022. 3. Received interest on Lecds Ca bonds on January 1,2023. 4. Sold 40 teeds Co bonds for $48,000 on January 1,2023. Journalize the transaction, (List all debit entries before credit entries. Credit account tities are automatically indented when amount is entered. Do not indent manually. If no eptry is required, select "No entry" for the account titles and enter ofor the amounts: Record fournat entries in the order presented in the probtem.) 3. Received interest on Leeds Ca. bonds on January 1,2023. 4. Sold 40 Leeds Co: bonds for $48,000 on January 1, 2023. Journalize the transactions. (List all debit entries before credit entries. Credit account titles are outomatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter ofor the amounts. Record journal entries in the order presented in the problem.)