Cullumber Corporation had the following transactionspertaining 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 payabl Cullumber Corporation had the following transactions pertaining to debt imvestments. 1 Purchased 50 Leeds \( \mathrm{Co} \). \( 8 \% \) bonds (each with a face value of \( \$ 1.000 \) ) for \( \$ 50,0 2 answers