Larkspur Company purchased, on January 1, 2017, as a held-to-maturity investment, $75,000 of the 9%, 5-year bonds of Chester Corporation for $69,456, which provides an 11% return. Prepare Larkspurs journal entries for (a) the purchase of the investment, and (b) the receipt of annual interest and discount amortization. Assume effective-interest amortization is used.

	Account Titles	Debit	Credit
a	?
	?
b	?
	?
	?