Cullumber Corporation had the following transactions pertaining to debt investments. 1. 2. 3. 4. Purchased 50 Leeds Co. 8% bonds (each with a face value of $1,000) for $50,000 cash. Interest is payable annually on January 1,2022. Accrued interest on Leeds Co. bonds on December 31, 2022. Received interest on Leeds Co. bonds on January 1, 2023. Sold 40 Leeds Co. bonds for $42,000 on January 1, 2023. Journalize the transactions. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem.)

Cullumber Corporation had the following transactions pertaining to debt imvestments. 1 Purchased 50 Leeds Co. 8% bonds (each with a face value of $1.000 ) for $50,000 cash Interest is payable annually on January 1.1 .2022 2. Accrued interest on Leeds Co, bonds on December 31,2022 3. Recelved interest on Leeds Co bonds on January 1,2023 4. Sold 40 Leeds Co. bonds for $42,000 on January 1,2023 . Journalize the transactions. Alist all detit entries before credit entries Credit occount tities are automatically indented when amount is entered. Do not indent manualy. If no entry is required, select "No entry" for the account tities and enter O for the amounts, Record joumal entries in the onder presented in the problem)