Float Corporation had the following transactions pertaining to debt investments. Jan. 1 Purchased 100 8%, $1,000 Qaiz Co. bonds for $100,000 cash plus brokerage fees of $1,800. Interest is payable semiannually on July 1 and January 1. July 1 Received semiannual interest on Qiaz Co. bonds. July 1 Sold 60 Qaiz Co. bonds for $68,000 less $1,000 brokerage fees. Required: a) Journalize the transactions. b) Prepare the adjusting entry for the accrual of interest at December 31.