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Jenek Corporation had the following transactions pertaining to debt investments. 1. Purchased809%, $1,500 Leeds Co. bonds for $120,000cash on January 1, 2017. Interest is payable

Jenek Corporation had the following transactions pertaining to debt investments.

1.Purchased809%, $1,500 Leeds Co. bonds for $120,000cash on January 1, 2017. Interest is payable annually on January 1.
2.Accrued interest on Leeds Co. bonds on December 31, 2017.
3.Received interest on Leeds Co. bonds on January 1, 2018.
4.

Sold48Leeds Co. bonds for $79,200 on January 1, 2018.

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