Accounting for Debt Securities-Available for Sale Hilyn Corriparty had the following transactions and adjustments related to a band investiert: pertra selle hands in the near fun. nor does intend to hakime honds to maturity 2016 201 Purchased sanno face la matins 9 percent hon A h oker cammino $1,400 The hands interest online avec marin 1 y . Hlyns uns an Hacolved the semiannus e st payment on the bonds av amortized the hand derfor six mort. Hlynuses the straight Ire methods amortize bond discounts and premiums. Dec.31 Reolved the semiannual interest payment on the cynac bonds and amortized the bond discour. for six months Dec 31 Made the cujusling entry lo record the currera velue of the Cyru bunds. AL Deverber 31. the markel elue of the Cyru bunda was $790.000 2017 Junnan Hacolved the comiausias pamatanthan bond Amartid the handdkcount for six months July Sold the Cynad bond Investment for 5/52,500 cash. Dec 31 Made the justing entry to elimina balences from their value Adjustmenlo Bonoliveuren account and the Unreale Guit Loss on livesteris (Cuvily) LUUL Record the transactions and adjustments of Hilyn Company using journal entries. General Journal Description Debit Credit 1:1/2016 Date r securities To record adap o 5/20/2015 Cash l'interest ed and Securities To rendere 12151/2015 Cash TPM inIPAS 12/31/2015 dobi write to year end fair value. To ad u 69/2017 Cash lo record recept of interest and a tortization of debt securities Cash 7/1/2017 lo record sale of debt securities 12/31/2017 To ad uz account a s to zero. LIDOCOTIDIDDITIOTICOLI General Journal Description Debit Credit Date 1/1/2016 To record purchase of debt securities. Cash 6/30/2016 To record receipt of interest earned on debt securities. 12/31/2016 Cash To record receipt of interest earned on debt securities. 12/31/2016 To adjust debt securities to year-end fair value. Cash 6/30/2017 To record receipt of interest and amortization of debt securities. Cash 7/1/2017 To record sale of debt securities. 12/31/2017 Bond interest income Bond interest receivable Check Bond investment-available for sale (Cynad) Cash Fair value adjustment to bond investment Gain on sale of investments Loss on sale of investments