Carow Corporation purchased, as a held-to-maturity investment, $72,900 of the 10%, 6-year bonds of Harrison, Inc. for $79,742, which provides a 8% return. The bonds pay interest semiannually.

Prepare Carows journal entries for (a) the purchase of the investment, and (b) the receipt of semiannual interest and premium amortization. Assume effective-interest amortization is used