On Janurary 1, 2018, Uptown Industries purchased $13,000 of 6% CJL bonds at a price of 100 (par.) Uptown intends to hold the bonds until their maturity date of Janurary 1, 2021. The bonds pay interest semiannually on each January 1 and July 1. Record the initial purchase of the bonds on January 1, 2018, and the receipt of the interest on the first interest payment date of July 1, 2018. (Record debits first, then credits. Exclude explanations from any journal entries)

First, record the initial purchase of the bonds on January 1, 2018. Journal Entry Accounts Date Debit Credit Jan Now record the receipt of the interest on the first interest payment date of July 1, 2018 Date Journal Entry Accounts Debit Credit Jul Choose from any list or enter any number in the input fields and then continue to the next