Hag question Mark 31.00 out of 50 00 Accounting for Debt securities Available-for-sale Hilyn Company had the following transactions and adjustments related to a bond investment: 2016 Purchased s320,000 face value of 9 percent bonds at 99 plus a brokerage commission of s1A00, The bonds pay interest on June 30 and December 31 and mature in 15 years. Hilyn does not expect to sell the bonds in the near future, nor does it intend to hold the bonds to maturity. June Received the semiannualinterest payment on the cynad bonds and amortized the bond discount for six months. Hilyn uses the 30 straight-line method to amortize bond discounts and premiums. Dec. Received the semiannual interest payment on the cynad bonds and amortized the bond discount for six months. Dec. Made the adjusting entry to record the current fair value ofthe cynad bonds. At December 31, the market value of the cynad bonds 31 was $316,000. 2017 June payment on the Cynad bonds and amortized the bond discount for six months. Received the semiannual interest July sold the cynad bond investment for s317,000 cash. Dec Made the adjusting entry to eliminate balances from the Fair Value Adjustment to Bond investment account and the Unrealized 31 Gain/Loss on Investments (Equity) account. ecord the transactions and adjustments of Hilyn Company using journal entries. General Journal Description Debit Credit