Jamal Corporation had the following transactions pertaining to debt investments. (1).Purchased 70 Majed Co. 8%, $1,000 bonds for $70,000 cash on January 1, 2021.Interest is payable annually on January 1.(2).Accrued interest on Majed Co. bonds on December 31, 2021.(3).Received interest on Majed Co. bonds on January 1, 2022.(4).Sold 30 Majed Co. bonds for $33,500, on January 1, 2022.

Instructions Journalize the transactions.