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Exercise 12-2 (Part Level Submission) Jenek Corporation had the following transactions pertaining to debt investments Jan. 1 July 1 July 1 Purchased 60 8%, $1,000

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Exercise 12-2 (Part Level Submission) Jenek Corporation had the following transactions pertaining to debt investments Jan. 1 July 1 July 1 Purchased 60 8%, $1,000 Leeds Co. bonds for $60,000 cash. Interest is payable semiannually on July 1 and January 1. Received semiannual interest on Leeds Co. bonds. Sold 36 Leeds Co. bonds for $40,800. (a) Journalize the transactions. (Round answers to decimal places, e.g. 5,275. Credit account titles are automatically indented whe required, select "No entry" for the account titles and enter o for the amounts.) Date Account Titles and Explanation Debit Credit (To record interest received) (To record sale of bonds) SHOW LIST OF ACCOUNTS LINK TO TEXT

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