enek Corporation had the following transactions pertaining to debt investments 1. Purchased 67 9%, $2,000 Leeds Co. bonds for $134,000 cash on January 1, 2017. Interest is payable annually on January 1 2. Accrued interest on Leeds Co. bonds on December 31, 2017 3. Received interest on Leeds Co. bonds on January 1, 2018 4. Sold 40 Leeds Co. bonds for $88,440 on January 1, 2018 ournalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually problem. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit Jan. 1, 2017 Bonds Payable 134000 Cash 134000 Dec. 31, 2017Interest Payable 12060 Interest Receivable 12060 Jan. 1, 2018 Interest Expense 12060 Interest Payable 12060 (To record interest received) Jan. 1, 2018Cash 88440 Discount on Bonds Pay 80000 Premium on Bonds Pay 8440 (To record sale of bonds)