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

1.		On February 1, the company purchased 11% bonds of Gibbons Co. having a par value of $304,800 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 $201,600 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 $62,400, purchased on February 1, are sold at 98 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 94 and 92, respectively.

(a) Prepare any journal entries you consider necessary, including year-end entries (December 31), assuming these are available-for-sale securities. (Note to instructor: Some students may debit Interest Receivable at date of purchase instead of Interest Revenue. This procedure is correct, assuming that when the cash is received for the interest, an appropriate credit to Interest Receivable is recorded.) (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.)

Entry" for the account titles and enter o for the amounts.) No. Date Account Titles and Explanation Debit Credit (1) Feb. 1 Debt Investments 304,800 Interest Revenue 11,176 Cash 315,9761 09 Apr. 1 Cash 16,764 Interest Revenue 16,764 (3) Jul. 1 Debt Investments 201,6001 Interest Revenue 1,512 Cash 203,112 (6 Sep. 1 Cash 64,012 Loss on Sale of Investmen 1,248 Debt Investments 62,400 Interest Revenue 2,8601 (5) Toct. 1 Cash 13,332 Interest Revenue 13,332 (6) Dec Cash 9,072 Interest Revenue 9,072 Tocal Interest Receivable 18,288 Interest Revenue (To record interest.) 18,258 Unrealized Holding Gain or Fair Value Adjustment (To record adjustment be here to search 1 ft e