QUESTION 2 partially correct Mark 37.00 out of 50.00 P Flag question Accounting for Debt Securities' Available-for-sale Hilyn Company had the following transactions and adjustments related to a bond investment: 2016 Purchased s320,000 face value of cynad, Inc s 9 percent bonds at 99 plus a brokerage commission of s1,400. e bonds pay interest Jan. on June 30 and December 31 and mature in 15 years. Hilyn does not expect to sell the bonds in the near future, nor does it intend to hold the bonds to maturity. June Received the semiannual interest payment on the cynad bonds and amortized the bond discount for six months. Hilym uses the 30 straight-line method to amortize bond discounts and premiums. Received the semiannual interest payment on the cynac bonds and amortized the bond discount for six months. Dec Made the adjusting entry to record the current fair vaiue of the cynad bonds. At December 31, the market value ofthe cynad bonds 31 was $316,000 lure Received the semiannual interest payment on the cynad bonds and amortized the bond discount for six months. sold the Cynad bond nvestment for s317,000 cash Made the adjusting entry to ei minste balances from the Fair Value Ad ustment to Bond investment account and the Unrealized Gain/Loss on investments (Equity account ecord the transactions and adjustments of Hilyn Company using journal entries General Journal Date Description Debit Credit