Cullumber Company purchased, on January 1, 2017, as a held-to-maturity investment, $77,000of the9%,5-year bonds of Chester Corporation for $71,309, which provides an11% return.

Cullumber's journal entries for (a) the purchase of the investment, and (b) the receipt of annual interest and discount amortization. Assume effective-interest amortization is used. (Round answers to 0 decimal places, e.g. 1,225. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)