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Exercise 16-2 Jenek Corporation had the following transactions pertaining to debt investments. Purchased 25 996, $1,500 Leeds Co. bonds for $37,500 cash. Interest is payable

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Exercise 16-2 Jenek Corporation had the following transactions pertaining to debt investments. Purchased 25 996, $1,500 Leeds Co. bonds for $37,500 cash. Interest is payable annually on January 1, 2017. 1. 2. Accrued interest on Leeds Co. bonds on December 31, 2017. 3. Received interest on Leeds Co. bonds on January 1, 2018. Sold 15 Leeds Co. bonds for $25,500 on January 1, 2018. 4. ournalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manua select "No entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the 0 decimal places,e.g. 5,275.) No. 1. 0an. 1. 2017 Date Account Titles and Explanation Debit Credit 2

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