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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 30 8%, $1,800
Exercise 12-2 (Part Level Submission) Jenek Corporation had the following transactions pertaining to debt investments. Jan. 1 July 1 July 1 Purchased 30 8%, $1,800 Leeds Co. bonds for $54,000 cash. Interest is payable semiannually on July 1 and January 1. Received semiannual interest on Leeds Co. bonds. Sold 18 Leeds Co. bonds for $36,720. (a) Journalize the transactions. (Round answers to o 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 o for the amounts.) Date Account Titles and Explanation Debit Credit (To record interest received) (To record sale of bonds) SHOW LIST OF ACCOUNTS
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