The following information relates to the HTM debt securities investments of Kiran Company during 2018:

a. February 1: The company purchased 10% bonds of Tempe Co. having a par value of $150,000 at 97 plus accrued interest. Interest is payable on March 1 and September 1. Maturity date is 9/1/19

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

c. June 1: 9% bonds of Flagstaff were purchased. The bonds had a par value of $80,000 and were purchased at 105 plus accrued interest. Interest dates are Jan 1 and July 1. Maturity date is 1/1/20.

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

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

Required:

Prepare journal entries for all dates. Use straight-line amortization. Do NOT use separate accounts for discounts and premiums; instead, net them into the Investments account. When computing amortization, round the monthly amortization amounts to the nearest cent. However, journal entry amounts can be rounded to the nearest dollar.