Pharoah Company purchased 90 Rinehart Company 9%, 10-year, $1,000 bonds on January 1, 2022, for $90,000. The bonds pay interest annually on January 1. On January 1, 2023, after receipt of interest, Pharoah Company sold 60 of the bonds for $59,400. Prepare the journal entries to record the transactions described above. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem.)