The following information relates to the debt securities investments of Kiran Company during 2016.

January 1: The company purchased 9% bonds of Tempe Co. having a par value of $150,000 at 101 plus accrued interest. Interest is payable March 1 and September 1. Maturity date is 9/1/17.

March 1: Semiannual interest is received and amortization is updated.

July1: 8% bonds of Flagstaff were purchased. The bonds had a par value of $72,000 and were purchased at 97 plus accrued interest. Interest dates are May 1 and November 1. Maturity date is 11/1/17.

September 1: Semiannual interest is received and amortization updated for the Tempe bonds.

November 1: Semiannual interest is received and amortization updated for the Flagstaff bonds.

December 31: Interest is accrued and amortization updated for both sets of bonds.

REQUIRED:

Prepare journal entries for all dates. Present journal entries for the Tempe bonds, then journal entries for the Flagstaff bonds. No explanations or supporting computations are required. Use straight-line amortization. Round all final computations to the nearest dollar. Organize your journal entries using the format below:

Date Tempe Journal Entries Flagstaff Journal Entries

01/01/16 X

03/01/16 X

07/01/16 X

09/01/16 X

11/01/16 X

12/31/16 X X