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Question 4 -- /20 Jose Corporation had the following transactions pertaining to debt investments. 1. Purchased 70 M CO. 8%, $1,000 bonds for $70,000 cash

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Question 4 -- /20 Jose Corporation had the following transactions pertaining to debt investments. 1. Purchased 70 M CO. 8%, $1,000 bonds for $70,000 cash on January 1, 2016. Interest is payable annually on January 1. 2. Accrued interest on M Co. bonds on December 31, 2016. 3. Received interest on M Co. bonds on January 1, 2017 4. Sold 30 M Co. bonds for $33,500 on January 1, 2017. JOURNALIZE THE 4 TRANSACTIONS

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