2. The following information relates to the HTM debt securities investments of Kiran Company during 2018:

a. February 1: The company purchased 10% bonds of Tempe Co. having a par value of $150,000 at 97 plus accrued interest. Interest is payable on April 1 and October 1. Maturity date is 4/1/21

b. April 1: Semiannual interest is received and amortization is updated.

c. May 1: 10% bonds of Flagstaff were purchased. The bonds had a par value of $90,000 and were purchased at 102 plus accrued interest. Interest dates are January 1 and July 1. Maturity date is 7/1/21.

d. July 1: Semiannual interest is received and amortization updated for the Flagstaff bonds.

e. October 1: Semiannual interest is received and amortization updated for the Tempe bonds.

Required: a) Prepare journal entries for all dates. Present journal entries for all items in order (a through e). No explanations or supporting computations are required. Use straight-line amortization. Do NOT use separate accounts for discounts and premiums; instead, net them into the Investments account. When computing amortization, round the monthly amortization amounts to the nearest cent. However, journal entry amounts can be rounded to the nearest dollar.