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Forte Corporation had the following transactions in 2015 pertaining to debt investments. 1. Purchased 60 10%, $1,000 Wolfe Co. bonds for $60,000 cash on January

Forte Corporation had the following transactions in 2015 pertaining to debt investments.

1. Purchased 60 10%, $1,000 Wolfe Co. bonds for $60,000 cash on January 1, 2015.

Interest is payable annually on January 1.

2. Accrued interest on Wolfe Co. bonds on December 31, 2015.

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