Please answer all three parts.

Here are the different account names:

Also, please explain the steps

Adjust FVA at Year-End On July 1 of the current year, West Company purchased for cash, 30, $10,000 bonds of North Corporation at a market rate of 4%. The bonds pay 5% interest, payable on a semiannual basis each July 1 and January 1, and mature in three years on July 1. The bonds are classified as trading securities. The annual reporting period ends December 31. Assume the effective interest method of amortization of any discounts or premiums. Ignore income taxes. Note: When answering the following questions, round answers to the nearest whole dollar. Amortization Schedule Journal Entries in Year 1 Journal Entries in Year 2 a. Prepare a bond amortization schedule for the life of the bonds using the effective interest method. Date Stated Interest Market Interest Premium Bond Amortization Amortized Cost $ OX 0 x $ 0 X $ OX OX 0 x 0 x 0 x OX Jul. 1, Year 1 Jan. 1, Year 2 $ Jul. 1, Year 2 Jan. 1, Year 3 Jul. 1, Year 3 Jan. 1, Year 4 Jul. 1, Year 4 0 x OX 0 X 0 x OX 0 x OX OX 0 X 0 x 0 x 0 x 0 X OX OX OX Amortization Schedule Journal Entries in Year 1 Journal Entries in Year 2 b. Record the entry for the purchase of the bonds by West Company on July 1. Date Account Name Debit Credit Jul. 1, Year 1 0 0 x 0 OX To record investment purchase. c. Record the adjusting entries by West Company on December 31 to accrue interest revenue and record the unrealized gain or loss. The fair value of the bonds on that date was $311,250. Date Account Name Debit Credit Dec. 31, Year 1 OX o oo 0 0 x 0 0 X To accrue interest revenue. Dec. 31, Year 1 0 X o o 0 0 x To record unrealized gain or loss. d. Record the receipt of interest on January 1, of the following year. Date Account Name Dr. Cr. Jan. 1, Year 2 0 0 x 0 0 x To record the receipt of interest. e. Assume that all of the bonds were sold on January 2 for $311,250, after the receipt of interest in part d. Record the entry for the sale of the bonds, eliminating the associated Fair Value Adjustment account balance. Prior to recording the sale, adjust the investment to fair value. Note: If a line in a journal entry isn't required for the transaction, select "N/A-Debit" and/or "N/A-Credit" as the account names and leave the Dr. and Cr. answers blank (zero). Date Account Name Dr. Cr. Jan. 2, Year 2 0 0 X 0 0 X To adjust investment to fair value. Account Name Dr. Cr. Date Jan. 2, Year 2 OX > > > o oo G 0 0 x OX b. Record the entry for the purchase of the bonds by West Company on July 1. Date Account Name Debit Credit Jul. 1, Year 1 0 0 X 0 OX mber 31 to accrue interest revenue and record the unrealized gain or loss. The fair value of the bonds on that date was c. Record the $311,250. Date Debit Credit Dec. 31, Year 0 0 X OX o o 0 0 x Cash Interest Receivable Investment in TS Fair Value AdjustmentTS Investment in AFS Securities Fair Value Adjustment-AFS Investment in HTM Securities Investment in Stock Fair Value Adjustment-Equity Securities Fair Value AdjustmentFair Value Option Allowance for Credit Losses Accumulated Other Comprehensive Income Unrealized Gain or Loss-OCI Unrealized Gain or Loss-Income Dividend Revenue Interest Revenue Investment Income Loss on Impairment Recovery of Loss on Impairment Loss on Sale of Investment Gain on Sale of Investment N/ADebit N/A-Credit Dec. 31, Year 0 0 x > > 0 0 x Check