Flynn Company purchased 80 Rinehart Company 11%, 10-year, $1, 200 bonds on January 1, 2015, for $96,000. The bonds pay interest semiannually on July 1 and January 1. On January 1, 2016, after receipt of interest, Flynn Company sold 48 of the bonds for $52, 800. Prepare the journal entries to record the transactions described above. (Round answers to 0 decimal places, e.g. 5, 275. 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 0 for the amounts.)