On January 1, 2017, Shamrock Company purchased 13% bonds, having a maturity value of $308,000, for $330,766.44. The bonds provide the bondholders with a 11% yield. They are dated January 1, 2017, and mature January 1, 2022, with interest received on January 1 of each year. Shamrock Company uses the effective-interest method to allocate unamortized discount or premium. The bonds are classified as available-for-sale category. The fair value of the bonds at December 31 of each year-end is as follows.

2017		$328,700		2020		$317,300
2018		$316,400		2021		$308,000
2019		$315,400

(a)		Prepare the journal entry at the date of the bond purchase.
(b)		Prepare the journal entries to record the interest revenue and recognition of fair value for 2017.
(c)		Prepare the journal entry to record the recognition of fair value for 2018.

Date ACcount Titles and Explanation Debit Credit (a) an. 1, 2017 Debt Investments 330,766.44 330,766,44 (b)TDec. 31, 20171 || Cash 40040 Debt Investments 3656 Interest Revenue 36384 To record interest received) (To record fair value adjustment) (c) Dec. 31, 2018