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Q4 - Jameel Corporation had the following transactions pertaining to debt investments. (1). Purchased 50 Habib Co. 8% bonds (each with a face value of

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Q4 - Jameel Corporation had the following transactions pertaining to debt investments. (1). Purchased 50 Habib Co. 8% bonds (each with a face value of $1,000) for $50,000 cash. Interest is payable annually on January 1, 2020. (2). Accrued interest on Habib Co. bonds on December 31, 2020. (3). Received interest on Habib Co. bonds on January 1, 2021. (4). Sold 40 Habib Co. bonds for $35,000 on January 1, 2021. Instructions Journalize the transactions

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