Bond Investment Transactions

Journalize the entries to record the following selected bond investment transactions for Supper Club Trust:

For a compound transaction, if an amount box does not require an entry, leave it blank.

a. Purchased for cash $400,000 of Tyler City 6% bonds at 100 plus accrued interest of $2,000.

b. Received first semiannual interest payment.

c. Sold $200,000 of the bonds at 98 plus accrued interest of $1,000.