Jacob Company purchased 65 Isaac Company 11%, 10-year. $1.000 bonds on January 1, 2020, for $65.000. The bonds pay interest annually on January 1. On January 1, 2021, after receipt of interest Pincher Company sold 30 of the bonds for $33,500. Instructions Prepare the journal entries to record the following transactions 1/1/20-record the purchase of the bonds 12/31/20-record the accrual of interest 1/1/21-record the receipt of the interest 1/1/21-record the sale of the bonds 12/31/21-record the accrual of interest