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Cullumber Corporation had the following transactions pertaining to debt investments. 1. 2 Purchased 60 8%, $1,150 Leeds Co, bonds for $69,000 cash. Interest is payable

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Cullumber Corporation had the following transactions pertaining to debt investments. 1. 2 Purchased 60 8%, $1,150 Leeds Co, bonds for $69,000 cash. Interest is payable annually on January 1, 2020, Accrued interest on Leeds Co. bonds on December 31, 2020. Received interest on Leeds Co. bonds on January 1, 2021. Sold 30 Leeds Co. bonds for $56,925 on January 1, 2021. 3. 4. Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manu If no entry is required, select "No entry for the account titles and enter o for the amounts. Record journal entries in the presented in the problem. Round answers to 0 decimal places, e.g. 5,275.) No. Date Account Titles and Explanation Debit 1 Crec 2. . : 3. 4

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