Carow Corporation purchased on

June 30, 2020, as an available-for-sale

security, $60,000 of the 8% (annual

coupon rate), 5-year bonds of

Harrison, Inc. for $65,118, which

provides a 6% annual return. Carow

Corporation purchased on June 30,

2020, as an available-for-sale security,

$60.000 of the 8% (annual coupon

rate), 5-year bonds of Harrison, Inc. for

$65,118, which provides a 6% annual

return. The bonds pay interest

semiannually. What are Crow's journal

entries for

(a) the purchase of the

investment on June 30, 2020,

(b) the

receipt of semiannual interest and

amortization on Dec 31, 2020. Assume

effective-interest amortization is used.

and

(c) the year-end fair value

adjustment on Dec 31, 2020. (Assume

a zero balance in the Fair Value

Adjustment account.) The bonds have

a year-end fair value of $64,000.

(Round your answer to nearest dollar.)