Stock investment transactions, equity method and available-for-sale securities

Soto Industries, Inc. is an athletic footware company that began operations on January 1, 2021. The following are bond (held-to-maturity) transactions by Soto Industries, Inc., which has a fiscal year ending on December 31:

2021

Apr. 1 Purchased $100,000 of Welch Co. 6% 15-year bonds at their face amount plus accrued interest of $500. The bonds pay interest semiannually on March 1 and September 1.

June 1 Purchased $210,000 of Bailey 4% 10-year bonds at their face amount plus accrued interest of $700. The bonds pay interest semiannually on May 1 and November 1.

Sept. 1 Received semiannual interest on the Welch Co. bonds.

Sept. 30 Sold $40,000 of Welch Co. bonds at 97 plus accrued interest of $200.

Nov. 1 Received semiannual interest on the Bailey bonds.

Dec. 31 Accrued interest on the Welch Co. bonds.

Dec. 31 Accrued interest on the Bailey bonds.

2022

Mar. 1 Received semiannual interest on the Welch Co. bonds.

May 1 Received semiannual interest on the Bailey bonds.

1. Journalize the entries to record the preceding transactions.