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Kurl Company had the following transactions and adjustments related to a bond investment: 2016 Jan.1 Purchased $600,000 face value of Sphere, Inc.'s 9 percent bonds

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Kurl Company had the following transactions and adjustments related to a bond investment: 2016 Jan.1 Purchased $600,000 face value of Sphere, Inc.'s 9 percent bonds at 102 plus a brokerage commission of$900. The bonds pay interest on June 30 and December 31 and mature in 10 years. Kurl expects to hold the bonds to maturity. June 30 Received the semiannual interest payment on the Sphere bonds and amortized the bond premium for six months. Kurl uses the 30 straight-line method to amortize bond discounts and premiums, 2025 Dec. 31 Received the semiannual interest payment on the Sphere bonds and a the bond premium for six months. Dec. 31 Received the principal amount in cash on maturity date of the Sphere bonds. Record the transactions and adjustments of Kurl company using journal entries

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