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Marin Company had the following transactions pertaining to debt investments. 2020 Jan. 1 Dec. 31 Purchased 78, 8%, $1,000 Steve Company bonds for $78,000

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Marin Company had the following transactions pertaining to debt investments. 2020 Jan. 1 Dec. 31 Purchased 78, 8%, $1,000 Steve Company bonds for $78,000 cash. Interest is payable annually on January 1 Accrued annual interest on Steve Company bonds. 2021 Jan 1 Received interest from Steve Company bonds. Jan 1 Sold 62 Steve Company bonds for $66,960. Journalize the transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit

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