The following transactions for Wolfe Corporation relate to long-term bonds classified as available-for-sale:

2018

Jan. 1 Purchased $50,000 Lake Corporation 10% bonds for $50,000.

July 1 Received interest on Lake bonds.

Dec. 31 Accrued interest on Lake bonds.

Dec. 31 Market value of the bonds $55,000, prepare the adjusting entry to record bonds at market value.

2019

Jan. 1 Received interest on Lake bonds.

Jan. 1 Sold $25,000 Lake bonds for $26,650.

July 1 Received interest on Lake bonds.

a) Journalize the transactions.