Exercise 16-03 (Video) Sheridan Company purchased 70 Rinehart Company 10%, 10-year, $1,590 bonds on January i 2020 for $11 i 300 The bonds pay interest annually on January 1 On January Company sold 40 of the bonds for $61,215. 202, after receipt of nterest, she d Prepare the journal entries to record the transactions described above. (Round answers to O 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 titles and enter O for the amounts. Record journal entries in the order presented in the problem Date Account Titles and Explanation Debit Credit y. (To record receipt of interest) To record sale of bonds) Version 4.24.9.3