In January 2022, the management of CullumberCompany concludes that it has sufficient cash to purchase some short-term investments in debt and stock securities. During the year, the following transactions occurred.

Jan.	1		Purchased 70$1,000, 9% TRC bonds for $70,000. Interest is payable annually on December 31.
Feb.	1		Purchased 1,230shares of LAF common stock for $54,120.
Mar.	1		Purchased 530shares of NCL common stock for $20,670.
July	1		Received a cash dividend of $0.80per share on the LAF common stock.
Aug.	1		Sold 215shares of LAF common stock at $43 per share.
Sept.	1		Received $2 per share cash dividend on the NCL common stock.
Dec.	31		Received the annual interest on the TRC bonds.
	31		Sold the TRC bonds for $71,998.

At December 31, the fair values of the LAF and NCL common stocks were $40and $32per share, respectively. These stock investments by CullumberCompany provide less than a 20% ownership interest.

(a)

Journalize the above transactions.

Post to the accounts Debt Investments and Stock Investments.