Feb.1,2017 Sharapova Company common stock, $110 par,220 shares $38,300

April1 U.S. government bonds,12%, due April 1, 2027, interest payable April 1 and October 1,96 bonds of $1,000 par each $96,000

July1 McGrath Company12% bonds, par $47,300, dated March 1, 2017, purchased at 104 plus accrued interest, interest payable annually on March 1, due March 1, 2037 $51,084

A)

The fair values of the investments on December 31, 2017, were:

Sharapova Company common stock$28,800U.S. government bonds130,800McGrath Company bonds52,900

What entry, if any, would you recommend be made?Round to 0 decimal places, e.g. 2,500.

Dec. 31, 2017

(Entry for debt investment)

(Entry for equity investment)

B)The U.S. government bonds were sold on July 1, 2018, for $116,700plus accrued interest. Give the proper entry.