Brook Company Ltd. purchased 70 Meissner Company AG 9%, 10-year, 1,000 bonds on January 1, 2017, for

Question:

Brook Company Ltd. purchased 70 Meissner Company AG 9%, 10-year, €1,000 bonds on January 1, 2017, for €70,000. The bonds pay interest annually on January 1. On January 1, 2018, after receipt of interest, Brook Company sold 40 of the bonds for €40,300.
Instructions
Prepare the journal entries to record the transactions described above.