Flynn Company purchased 59 Rinehart Company 9%, 10-year, $1,300 bonds on january 1, 2017, for $76,700. The bonds pay interest annually on January 1. On january 1, 2018, after receipt of interest, Flynn Company sold 34 of the bonds for $42,185. Prepare the journal entries to record the transaction described above.

agerial Aocountin 19, 2e inancial and Managerial Accounting nynn purchased sg Company Mar, s1.200 boeds laruary 1, or $76.700. The boeds pay interest arnudly lamany 1 on laswary 1.20u, after receipt of interest, Flynn company thr bonds 2017 en Prepare the journal entries to record the transactions desorked above, ucrede reouirent "No entry account title andente o for