Ivanhoe Company purchased $80$ Rinehart Company $9\%,10-$year, $$1,000$ bonds on January $1,2022,$ for $$80,000.$ The bonds pay interest annually on January $1.$ On January $1,2023,$ after receipt of interest, Ivanhoe Company sold $50$ of the bonds for $$46,400.$

Prepare the journal entries to record the transactions described above. $($List all debit entries before credit entries. 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. Record journal entries in the order presented in the problem.$)$

Date

Account Titles and Explanation

Debit

Credit

Cash

$($To record receipt of interest$)$