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Exercise 12-2 Jenek Corporation had the following transactions pertaining to debt investments 1. Purchased 46 9%, $1,300 Leeds Ce bonds for $59,800 cash on January
Exercise 12-2 Jenek Corporation had the following transactions pertaining to debt investments 1. Purchased 46 9%, $1,300 Leeds Ce bonds for $59,800 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 28 Leeds Co. bonds for $39,468 on January 1, 2018 Journalire the transactions. (Credit account titles are automatically Indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No entry for the account titles and enter for the amounts.) Date Account Tides and Explanation Debit To record interest received
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