Question: please read this again there 4 dropdown selections 9 boxes for account titles and explanation, 9 for debit and 9 for credit clearly you need
please read this again there 4 dropdown selections 9 boxes for account titles and explanation, 9 for debit and 9 for credit clearly you need to be doing something to fill this
Carla Vista Company purchased 70 Rinehart Company 9%, 10-year, $1,000 bonds on January 1, 2022, for $70,000. The bonds pay interest annually on January 1. On January 1, 2023, after receipt of interest, Carla Vista Company sold 40 of the bonds for $39,200. Prepare the journal entries to record the transactions described above. (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 entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Jan. 1, 2022 v Debt Investments 70000 Cash 7O0C Jan. 1, 2023 w Cash 6300 Interest Revenue 63 Jan. 1, 2023 v Cash 39200 Debt Investments 400( (To record receipt of interest) a (To record sale of bonds)