Jenek Corporation had the following transactions pertaining to debt investments.

Jan. 1	Purchased 50 9%, $1,000 Leeds Co. bonds for $50,000 cash. Interest is payable semiannually on July 1 and January 1.
1-Jul	Received semiannual interest on Leeds Co. bonds.
1-Jul	Sold 30 Leeds Co. bonds for $33,000.

A. Journalize the transactions.

B. Prepare the adjusting entry for the accrual of interest at December 31.

Date	Account Titles				Debit	Credit
(a)
Jan 1
July 1
1
(b)
Dec 31