Exercise 12-2

Jenek Corporation had the following transactions pertaining to debt investments.

Jan. 1

Purchased808%, $1,900 Leeds Co. bonds for $152,000cash. Interest is payable semiannually on July 1 and January 1.

July 1

Received semiannual interest on Leeds Co. bonds.

July 1

Sold48Leeds Co. bonds for $103,360.

IE

Journalize the transactions. (Round answers to 0 decimal places, e.g. 5,275. 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 0 for the amounts.)