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View Policies Current Attempt in Progress Wildhorse Corporation had the following transactions pertaining to debt investments. 1 2. Purchased 50 Leeds Co. 8% bonds (each

View Policies Current Attempt in Progress Wildhorse Corporation had the following transactions pertaining to debt investments. 1 2. Purchased 50 Leeds Co. 8% bonds (each with a face value of $1,000) for $50,000 cash. Interest is payable annually on January 1,2022. Accrued interest on Leeds Co. bonds on December 31, 2022. 3. Received interest on Leeds Co. bonds on January 1, 2023. 4. Sold 40 Leeds Co. bonds for $48,000 on January 1.2023. Journalize the transactions. (List all debit entries before credit entries. 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 0 for the amounts. Record journal entries in the order presented in the problem.) No. Date Account Titles and Explanation Debit 1. Cre enter for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Jan. 1, 2022 Dec. 31, 2022 Jan. 1, 2023 Debit Credit

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