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Blossom Corporation had these transactions pertaining to debt investments: Jan. 1 Purchased 94Martine Co. 10% bonds (each with a face value of $1,000) for $94,000cash.

Blossom Corporation had these transactions pertaining to debt investments:

Jan. 1 Purchased 94Martine Co. 10% bonds (each with a face value of $1,000) for $94,000cash. Interest is payable annually on July 1 and January 1.
July 1 Received annual interest on Martine Co. bonds.
July 1 Sold 27Martine Co. bonds for $29,040.

Journalize the transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)

Date

Account Titles and Explanation

Debit

Credit

choose a transaction date

enter an account title

enter a debit amount

enter a credit amount

enter an account title

enter a debit amount

enter a credit amount

choose a transaction date
enter an account title to record interest enter a debit amount enter a credit amount
enter an account title to record interest enter a debit amount enter a credit amount
(To record interest)
choose a transaction date

enter an account title to record sale of bonds

enter a debit amount

enter a credit amount

enter an account title to record sale of bonds

enter a debit amount

enter a credit amount

enter an account title to record sale of bonds enter a debit amount enter a credit amount
(To record sale of bonds)

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