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Wildhorse Limited had the following transactions pertaining to debt investments Jan 1, 2020 Dec 31, 2020 Purchased 55 1.900 Petal Co.8% bonds for 104,500 cash.

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Wildhorse Limited had the following transactions pertaining to debt investments Jan 1, 2020 Dec 31, 2020 Purchased 55 1.900 Petal Co.8% bonds for 104,500 cash. Interest is payable annually on January 1. Accrued interest on the Petal Co, bonds. Received Interest on Petal Co. bonds. Sold 30 Petal Co, bonds for 70,015. Jan. 1.2021 Jan. 1. 2021 Journalize the transactions. (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 for the amounts Record journal entries in the order presented in the problem) Debit Account Titles and Explanation Date Credit Journalize the transactions. (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 for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit At the Prepare the adjusting entry for the accrual of interest at December 31, 2021. (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 for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31

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