CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Exercise 16-03 (Video) Sandhill Company purchased 85 Rinehart Company 9%, 10-year, $1,200 bonds on January 1, 2020, for $102,000. The bonds pay interest annually on January 1. On January 1, 2021, after receipt of Interest, Sandhill Company sold 55 of the bonds for $56,100. Prepare the lournal entries to record the transactions described above. (Round answers to decimal places, e.g. 15,250. Credit account tities 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 entries in the order presented in the problem.) Date Account Tities and Explanation Debit Credit Jan. 1, 2020 Dec 31, 2020. Jan 1, 2020 (To record receipt of Interest) Jan. 1. 2020 (To record sale of bonds)