Current Attempt in Progress

Sandhill Company purchased $85$ Rinehart Company $9\%,10-$year, $$100$ bonds on January $1,2022,$ for $$8,500.$ The bonds pay interest

annually on January $1.$ On January $1,2023,$ after receipt of interest, Sandhill Company sold $55$ of the bonds for $$4,590.$

Prepare the journal entries to record the transactions described above. $($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

$0$ for the amounts. Record journal entries in the order presented in the problem.$)$

$1$

$($To record receipt of interest$)$

$($To record sale of bonds$)$

$($To record sale of bonds$)$