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Brook Company purchased90Meissner Company14%,10-year, $1,800bonds on January 1, 2014, for $165,100. Brook Company also had to pay $400of brokers fees. The bonds pay interest semiannually on July 1 and January 1. On January 1, 2015, after receipt of interest, Brook Company sold70of the bonds for $126,200.

Prepare the journal entries to record the transactions described above.(Round answers to 0 decimal places, e.g. 15,250. Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Date	Account Titles and Explanation	Debit	Credit
Jan. 1, 2014	Debt Investments	db. 165,500
	Cash	cr.165,500
July 1, 2014	Cash
	Interest Revenue
Dec. 31, 2014	Interest Receivable
	Interest Revenue
Jan. 1, 2015	Cash
	Interest Receivable
(To record receipt of interest)
Jan. 1, 2015	Cash	db. 126,200
	Loss on Sale of Debt Investments
	Investments
(To record sale of bonds)