Entries for HTM Debt Securines-Iffective interest Mpthed pirmium Note: When answering the following questions, round answers to the nearest whole dollar. b. Record the entry for the purchase of the bonds by West Company on July 1 of Year 1 . C. Record the adjusting entry by West Company on December 31 of Year 1. The fair value of the bonds at December 31 of Year 1 was $81,000. d. Indicate the effects of this investment on the Year 1 income statement and year-end balance sheet. 1. Aecord the receipter interett on fanuary 1 of Year 2