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- Note: When answering the following questions, round each amount to the nearest whole dollar. Journal Entries and Financial Statement Presentation for Year 1 Journal

- Note: When answering the following questions, round each amount to the nearest whole dollar. Journal Entries and Financial Statement Presentation for Year 1 Journal Entries for Year 2 b. Record the entry for the purchase of the bonds by West Company on July 1 of Year 1 . d. Indicate the effects of this investment on the Year 1 income statement and year-end balance sheet. - Note: Do not use a negative sign for an account with a normal balance

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