Rekya Mart Inc. is a general merchandise retail company that began operations on January 1, 2016. The following transactions relate to debt investments acquired by Rekya Mart Inc., which has a fiscal year ending on December 31:

2016
Apr.	1	Purchased $90,000 of Smoke Bay 6%, 10-year bonds at their face amount plus accrued interest of $900. The bonds pay interest semiannually on February 1 and August 1.
May	16	Purchased $42,000 of Geotherma Co. 4%, 12-year bonds at their face amount plus accrued interest of $70. The bonds pay interest semiannually on May 1 and November 1.
Aug.	1	Received semiannual interest on the Smoke Bay bonds.
Sept.	1	Sold $12,000 of Smoke Bay bonds at 101 plus accrued interest of $60.
Nov.	1	Received semiannual interest on the Geotherma Co. bonds.
Dec.	31	Accrued $1,950 interest on the Smoke Bay bonds.
	31	Accrued $280 interest on the Geotherma Co. bonds.

Record these transactions on page 11.

2017
Feb.	1	Received semiannual interest on the Smoke Bay bonds.
May	1	Received semiannual interest on the Geotherma Co. bonds.

Required:

1.	Journalize the entries to record these transactions. Be sure to enter the year as part of the date for the first entry on each page. Refer to the information given and the Chart of Accounts provided for the exact wording of the answer choices for text entries. In your computations, round per share amounts to two decimal places.
2.	If the bond portfolio is classified as available for sale, what impact would this have on financial statement disclosure?