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Oriole Company purchased 70 Rinchart Company 9%,10-year, $1,000 bonds on January 1, 2022, for $70,000. The bonds pay interest annually on January 1. On January

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Oriole Company purchased 70 Rinchart Company 9%,10-year, $1,000 bonds on January 1, 2022, for $70,000. The bonds pay interest annually on January 1. On January 1, 2023, after receipt of interest, Oriole Company sold 55 of the bonds for $49,000. Prepare the journal entries to record the transactions described above. (List all debit entries before credit entries. Credit occount titles are outomatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the occount titles and enter O for the amounts. Record journal entries in the order presented in the problem.) uestion 2 of 5 0.45/1: Interest Revenue Jan1,2023 Cash (To record receipt of interest) tan1,2023 (To record sale of bonds)

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