Journalize the entries to record the following selected bond investment transactions for Southwest Bank:
(a)Purchased $400,000 of Daytona Beach 5% bonds at 100 plus accrued interest of $4,500.(b)Received the first semiannual interest.(c)Sold $250,000 of the bonds at 97, plus accrued interest of $1,800.

Bond Investment Transactions

A financial activity involving the buying or selling of bonds, which are debt securities issued by entities to raise funds.

Accrued Interest

The interest that has been incurred but not yet paid at the end of a period on loans or bonds.

Semiannual Interest

Interest that is computed and disbursed semi-annually.