The following bond transactions occurred during 2021 for the University of Higher Learning (UHL) and Oak Ltd.:

Feb.	1		UHL issued $9.3 million five-year, 4% bonds at 96 (this means 96% of face value) at a price to yield a market interest rate of 4.9%. The bonds pay interest semi-annually on August 1 and February 1.
	1		Oak Ltd. purchased $3.0 million of UHLs bonds at 96 as a long-term investment to be held to maturity.
Aug.	1		UHL paid the semi-annual interest on the bonds.

Prepare all required journal entries for Oak Ltd., the investor, to record the above transactions. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round answers to 0 decimal places, e.g. 5,275.)