Zorzi Industries Inc. is an athletic footware company that began operations on January 1, year 1. The following transactions related to debt investments acquired by Zorzi Industries Inc., which has a fiscal year ending on December 31: April 1Purchased $100,000 of Welch Co. 6% 15 year bonds at their face amount plus accrued interest of $500.

The bonds pay interest semiannually on March 1 and September 1. June 1. Purchased $210,000 of Bailey 4% 10 year bonds at their face amount plus accrued interest of $700. The bonds pay interest semiannually on May 1 and November 1. Sept 1. Received semiannual interest on the Welch Co. Bonds Sept 30. Sold $40,000 of Welch Co. Bonds at 97 plus accrued interest of $200. Nov. 1. Received semiannual interest of the Bailey Bonds. Dec 31. Accrued $1,200 interest on the Welch Co. Bonds Dec 31. Accrued $1,400 interest on the Bailey Bonds. Year 2. Mar 1. Received semiannual interest on the Welch co. bonds May 1. Received semiannual interest on the Bailey bonds, Instructions: Journalize the entries to record these transactions