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Sandhill Company purchased 70 Rinehart Comany 7x,10-vear, $100 bondi on Jamuary 1,2022, for $7,000. The bonds pary interest annually on January 1 On lanary 1.2023

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Sandhill Company purchased 70 Rinehart Comany 7x,10-vear, $100 bondi on Jamuary 1,2022, for $7,000. The bonds pary interest annually on January 1 On lanary 1.2023 affer receipt of interest Sandhal Company sold 40 of the bonds fer $3.640 Prepare the journal entries to record the transactions described above. (taist all debit entries before credit entries. Credit account For the account titles and enter ofor the amounts. Recond journal catries in the onder presented in the problem)

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