Dristol Company acquired $56,000 Reynolds Company, 4

Subject:FinancePrice:2.89 Bought3

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Dristol Company acquired $56,000 Reynolds Company, 4.5% bonds on April 1, 2012, at par value. Interest is paid semiannually on April 1 and October 1. On October 1, 2012,
Dristol sold $20,000 of the bonds for 99.
Journalize entries to record the following:
a. The initial acquisition of the bonds on April 1.
b. The semiannual interest received on October 1.
c. The sale of the bonds on October 1.
d. The accrual of $637 interest on December 31, 2012.