Floyd Corporation had the following transactions pertaining to debt investments. Jan. 1 Purchased 50 8%, $1,700 Petal Co. bonds for $85,000 cash plus brokerage fees of $750. Interest is payable semiannually on July 1 and January 1. July 1 Received semiannual interest on Petal Co. bonds. July 1 Sold 30 Petal Co. bonds for $57,800 less $480 brokerage fees. (a) Journalize the transactions. (b) Prepare the adjusting entry for the accrual of interest at December 31