The following information relates to the debt securities investments of Buffalo Company.

1. On February 1, the company purchased 12% bonds of Gibbons Co. having a par value of $306,000 at 100 plus accrued interest. Interest is payable April 1 and October 1.

2. On April 1, semiannual interest is received.

3. On July 1, 9% bonds of Sampson, Inc. were purchased. These bonds with a par value of $193,200 were purchased at 100 plus accrued interest. Interest dates are June 1 and December 1.

4. On September 1, bonds with a par value of $63,600, purchased on February 1, are sold at 99 plus accrued interest.

5. On October 1, semiannual interest is received.

6. On December 1, semiannual interest is received.

7. On December 31, the fair value of the bonds purchased February 1 and July 1 are 95 and 93, respectively.

(a) Prepare any journal entries you consider necessary, including year-end entries (December 31), assuming these are available-for-sale securities. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) No. Date Account Titles and Explanation Debit Credit (1) Feb.:1 Debt Investments 306,000 Interest Revenue 12240 Cash 318240 (2) T Apr. 1 Cash 18360 Interest Revenue 18360 (3) Jul. 1 Debt Investments 193,200 Interest Revenue 1449 Cash 194649 (4) Sep. 1 Cash 66144 Loss on Sale of Investments 636