current empemrogress 1. Cullumber Corporation had the following transactions pertaining to debt investments Purchased 608%. $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. bords on January 1, 2021. Sold 30 Leeds Co. bonds for $56,925 on January 1, 2021 2 3. 4. Journalize the transactions (Credit account titles are automatically indented when amount is entered. Do not indert manually. If no entry is required, select "No entry for the account titles and enter for the amounts. Recordjoumal entries in the order presented in the problem Round answers to decimal places, s 5.2753 No. Account Titles and Explanation Debit Cred Date 1 Current Attempum progress Wildhorse Company purchased 80 Rinehart Company 6%, 10-year $1,380 bonds on January 1, 2020, for $110,400. The bonds pay interest annually on January 1. On January 1, 2021, after receipt of interest, Wildhorse Company sold 50 of the bonds for $60,720. Prepare the journal entries to record the transactions described above. (Round answers to O decimal places, eg. 15,250. 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 tities and enter for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit (To record receipt of interest) (To record sale of bonds)