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Sheridan Company had the following transactions pertaining to debt investments. 2022 Jan 1 Dec 31 2023 Jan 1 Jan 1 Purchased 75,6% $1.000 Sunland Company

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Sheridan Company had the following transactions pertaining to debt investments. 2022 Jan 1 Dec 31 2023 Jan 1 Jan 1 Purchased 75,6% $1.000 Sunland Company bonds for $75,000 cash, Interest is payable annually on January 1.. Accrued interest on Sunland Company bonds. Received interest from Sunland Company bonds. Sold 31 Sunland Company bonds for 543,000 Journalize the transactions for 2022 and 2023. (Credit account titles are automatically indented when the amount is entered. Do not Indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit 2022 Jan 1 Jan 1 Received interest from Sunland Company bonds. Sold 31 Sunland Company bonds for $43,000 Journalize the transactions for 2022 and 2023. (Credit account titles are automatically Indented when the amount is entered. Do not Indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit 2022 2023 > 2023 (To record interest) To record sale Attempts: 0 of 1 used Submit Amwer

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