Brook Company purchased 70 Meissner Company 12%, 10-year, 1,000 bonds on January 1, 2014, for 70,000. The

Question:

Brook Company purchased 70 Meissner Company 12%, 10-year, €1,000 bonds on January 1, 2014, for €70,000. The bonds pay interest semiannually on July 1 and January 1. On January 1, 2015, after receipt of interest, Brook Company sold 40 of the bonds for €40,100.

Instructions
Prepare the journal entries to record the transactions described above.