Trammel Inc., a public company, had the following transactions pertaining to debt investments held as trading investments: Jan 1 Purchased 45, 10%, $1,000 Salsa Inc, bonds for $45,000. Interest is payable semi-annually on July 1 and January 1 Jul 1 Received semi-annual interest on Salsa Inc. bonds. 1 Sold 32 Salsa Inc. bonds for $38,000. Dec 31 Salsa Inc. bonds were trading at 103. Instructions a) Journalize the transactions. b) Prepare the required adjusting journal entries at December 31. ***SHOW YOUR WORK FOR PARTIAL MARKS!!!*** A B 1 !!! E E Date Account Debit Credit Jan 1