Sheridan Company purchased 70 Rinchart Company 5%,10-yea, $1,000 bonds on January 1,2022, for $70,000. The bonds pay interest annually on January 1. On January 1.2023, after receipt of interest, Sheridan Company sold 45 of the bonds for 541,300 . Prepare the journal entries to record the transactions described above. Alist oll debit entries before credit entries Credit account tities are outomatically 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