Maxim Corporation had the following transactions pertaining to debt investments.

Jan. 1		Purchased 80, 8%, $1,000 Woodrow Company bonds for $80,000.
July 1		Sold 20 Woodrow Company bonds for $21,500.

Prepare journal entries for the purchase and sale of the Woodrow Company bonds. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)

Date	Account Titles and Explanation	Debit	Credit
Jan. 1July 1
Jan. 1July 1