View Policies Current Attempt in Progress Carla Vista Company purchased 70 Rinehart Company 9%, 10-year $ 1.380 bonds on January 1, 2020, for $ 96,600. The bonds pay interest annually on January 1 On January 1, 2021. after receipt of interest. Carla Vista Company soid 40 of the bonds for $ 53.130. Prepare the journal entries to record the transactions described above (Round answers to O decimal places, eg 15, 250. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry for the account titles and enter Ofor the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Jan 1, 2020 Stock Investments 96600 Cash 9 Dec 31, 2020 Interest Receivable 8694 Interest Revenue Jan 1, 2020 Cash 8694 Interest Receivable (To record receipt of interest) Jan. 1.2021 V Cash 53130 Loss on Sale of Stock Investments Stock Investments (To record sale of bonds) e Textbook and Media List of Accounts Save for Later Last seved 9 minutes ago Attempts: 0 of 3 used Submit