b$.$ Assuming that the debt securities are classified as available$-$for$-$sale, $($i$.)$ prepare the journal entries to record the four transactions, and $($ii$.)$ post the journal entries to their respective T$-$accounts.

$($i$.)$

$($ii$.)$

$-$Note: Enter your answers, in transaction order, in the first open field of the appropriate column in each account.Assessing Financial Statement Effects of Trading and Available$-$for$-$Sale $($Debt$)$ Securities

Four transactions involving investments in marketable debt securities classified as trading follow.

$(1)$ On July $1,$ purchased US Treasury Bonds for $$305,000$ in cash. The bonds have a face value of $$300,000$ and pay interest semi$-$annually $($June $30$ and December $31)$ at an annual rate of $4\mathrm{.}00\%.$

$(2)$ Received cash interest payment of $$6,000$ on December $31.$

$(3)$ Year$-$end market price of bonds is $$308,000.$

$(4)$ Received cash interest payment of $$6,000$ and sold all bonds on June $30$ for $$306,000.$