Dristol Company acquired $56,000 Reynold's Company, 4.5% bonds on April 1, 2012, at par value. Interest is paid semiannually on April 1 and October . 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 semiannually interest received on October 1.
C. The sale of the bonds on October 1.
D. The accrual of $637 interest on December 31, 2012.