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Cullumber Corporation had the following transactions pertaining to debt investments.
Purchased 60 Leeds Co.8% bonds (each with a face value of $1,000) for $60,000 cash. Interest is payable annually on January
Accrued interest on Leeds Co. bonds on December 31,2022.
Received interest on Leeds Co. bonds on January 1,2023.
Sold 50 Leeds Co. bonds for $55,000 on January 1,2023.
Journalize the transactions. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter O for the amounts. Record journal
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