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 185 Grocers' Supply Corporation bonds for $462,500.
		28		Received interest of $5,400 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 $3,000 per bond.
2019
Jan.		5		Sold the Grocers' Supply Corporation bonds for $527,250. Required: 1. Prepare the appropriate journal entry or entries for each transaction. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)