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. Present journal entries for all items in order (a through e). No explanations or supporting computations are required.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.