Current Attempt in Progress Sheridan Inc., a public company, had the following transactions pertaining to debt investments held for trading purposes: Jan. 1 July 1 Purchased 70,8 %, $1,500 Grouper Corp. bonds for $105,000. Interest is payable semi-annually on July 1 and January 1 Received semi-annual interest on Grouper Corp. bonds. July 1 Sold 35 Grouper Corp. bonds for $55,000. Dec. 31 Grouper Corp. bonds were trading at 102. Journalize the transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation (To record receipt of semi-annual interest on Grouper Corp. bonds) Debit Credit Journalize the transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation (To record receipt of semi-annual interest on Grouper Corp. bonds) (To record sales of Grouper Corp, bonds) Debit Credit ion 1/ of (To record sales of Grouper Corp. bonds) -/15 Prepare the required adjusting entries at December 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Dec 31 (To record accrued interest for Grouper Corp. bonds) Dec. 31 (To record adjustment to fair value for investments at FVTPL) Save for Later Debit Credit Attempts: 0 of 1 used Submit Answer