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JULIE LILLED Eze debt investment cons, accrue interest, rd sale. 16-3 Flynn Company purchased 70...

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JULIE LILLED Eze debt investment cons, accrue interest, rd sale. 16-3 Flynn Company purchased 70 Rinehart Company 6%, 10-year, $1,000 bonds January 1, 2017, for $70,000. The bonds pay interest annually on January 1. On January 2018, after receipt of interest, Flynn Company sold 40 of the bonds for $38,500. Instructions Prepare the journal entries to record the transactions described above. teaty se on January room. The one want to the role on

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