Odlaw Corporation had the following transactions relating to debt investments:
Jan. 1 Purchased 50, $1,000, 12% Clinton Company bonds for $50,000 plus broker's fees of $1,500. Interest is payable semiannually on January 1 and July
1-Jul Received semiannual interest from Clinton Company bonds.
1-Jul Sold 30 Clinton Company bonds for $30,000, less $800 broker's fees.
(a) Journalize the transactions, and (b) prepare the adjusting entry for the accrual of interest on December 31. (List multiple debit/credit entries from largest to smallest amount, e.g. 10, 5, 2.)