Exercise 16-03 (Video) Oriole Company purchased 70 Rinehart Company 9%, 10-year, $1 710 bonds on Janua y 1 2020 for $119, 70 of interest, Oriole Company sold 40 of the bonds for $65,835 The bonds pay interest annually on Januar On an ar a2 after receipt Prepare the journal entries to record the transactions described above. (Round answers to 0 decimal places, e.g. 15,250. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account tities and enter O for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Jan. 1, 2020 Dec. 31, 2020 Jan. 1, 2021 (To record receipt of interest) Jan. 1, 2021 (To record sale of bonds)