Chen Company purchased 70 Feng Company 6%, 10- year, $10,000 bonds on January 1, 2017, for $700,000. The bonds pay interest annually on January 1. On January 1, 2018, after receipt of interest, Chen Company sold 42 of the bonds for $391,000 Instructions Prepare the journal entries to record the transactions described above 1 A : to U S X, X2