Inez Company develops and sells graphics software for use by architects. Prepare the entries to record the following selected transactions of Inez Company:
a. Purchased for cash $270,000 of Theisen Co. 5% bonds at 98 plus accrued interest of $2,250.
b. Received first semiannual interest.
c. Amortized $450 on the bond investment at the end of the first year.
d. Sold the bonds at 100 plus accrued interest of $4,500. The bonds were carried at $267,250 at the time of the sale.