Rantzow-Lear Company buys and sells debt securities expecting to earn profits on short-term differences in price. The companys fiscal year ends on December 31. The following selected transactions relating to Rantzow-Lears trading account occurred during December 2018 and the first week of 2019.

2018
Dec.		17		Purchased 100 Grocers' Supply Corporation bonds at par for $350,000.
		28		Received interest of $2,000 from the Grocers Supply Corporation bonds.
		31		Recorded any necessary adjusting entry relating to the Grocers' Supply Corporation bonds. The market price of the bonds were $4,000 per bond.
2019
Jan.		5		Sold the Grocers' Supply Corporation bonds for $395,000.

Required: 1. Prepare the appropriate journal entry or entries for each transaction.