Flynn Company purchased 80 Rinehart Company 13%, 10-year, $1, 500 bonds on January 1, 2015, for $120,000. 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 $66,000. 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.)