Question 18 --/1 View Policies Current Attempt in Progress Cullumber Company purchased 70 Rinehart Company 5%, 10-year, $1,650 bonds on January 1, 2020, for $115,500. The bonds pay interest annually on January 1. On January 1, 2021, after receipt of interest, Cullumber Company sold 40 of the bonds for $63,525. Prepare the journal entries to record the transactions described above. (Round answers to 0 decimal places, e.g. 15,250. 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.) Date Account Titles and Explanation Debit Credit (To record receipt of interest) (To record sale of bonds) Question 8 --/1 View Policies Current Attempt in Progress On August 1, Sandhill Company buys 1,000 shares of Estrada common stock for $35,000 cash. On December 1, Sandhill sells the stock investments for $38,000 in cash. Journalize the purchase and sale of the common stock. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in problem. If no entry is required, select "No entry" for the account titles and enter o for the amounts.) Date Account Titles and Explanation Debit Credit