15-1 The following transactions for Wolfe Corporation relate to long-term bonds classified as available-for-sale: 2018 Jan. 1 Purchased $50,000 Lake Corporation 10% bonds for $50,000. July 1 Received interest on Lake bonds. Dec. 31 Accrued interest on Lake bonds. Dec. 31 Market value of the bonds $55,000, prepare the adjusting entry to record bonds at market value. 2019 Jan. 1 Received interest on Lake bonds. Jan. 1 Sold $25,000 Lake bonds for $26,650. July 1 Received interest on Lake bonds. a) Journalize the transactions, 15-1 (a) 2018 1-Jan Long Term Investments - Bonds Cash I I 1-Jul Cash Interest Earned 31-Dec Interest Receivable Interest Earned 31-Dec Market Adjustment - Available for sale Unrealized Gain - Equity 2019 1-Jan Cash Interest Receivable 1-Jan Cash Long Term Investments - Bonds Gain on Sale of LT Bond Investments 1-Jul Cash Interest Earned