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Sheridan Corporation had the following transactions pertaining to debt investments 1. 2. 3. 4. Purchased 40 9%, $1,700 Leeds Co. bonds for $68,000 cash. Interest

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Sheridan Corporation had the following transactions pertaining to debt investments 1. 2. 3. 4. Purchased 40 9%, $1,700 Leeds Co. bonds for $68,000 cash. Interest is payable annually on January 1, 2020 Accrued interest on Leeds Co. bands on December 31, 2000, Received interest on Leeds Co. bonds on January 1, 2021. Sold 30 Leeds Co. bonds for $56,100 on January 1, 2021 Journalize the transactions. (Credit account titles are automatically indented when amount is entered. De not indent manually. If no entry is required, select "No entry for the account titles and enter for the amounts Record journal entries the order presented in the problem. Round answers to decimal plac . 5,275.) No. Date Account Titles and Explanation Cred

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