The information below relates to Darwin Companys trading securities in 2014 and 2015.

Prepare the journal entries for the following transactions.

May 1, 2014 Purchase $300,000 par value of Einstein Company bonds at 95 plus accrued interest. The bonds pay interest annually at 10% each December 31. Brokers commission was $2,500.

September 1, 2014 Sold $121,000 par value of Einstein Company bonds at 92 plus accrued interest. Brokers commission, taxes, and fees were $1,200.

September 5, 2014 Purchase 5,500 shares of Tommy, Inc. common stock for $27 per share. The brokers commission on the purchase amounted to $1,900.

December 31, 2014 Make the appropriate entry for the Einstein Company bonds.

December 31, 2014 The market prices of the trading securities at December 31 were: Tommy, Inc. common stock, $25 per share; and Einstein Company bonds, 99. Make the appropriate entry.

July 1, 2015 Darwin sold of Tommy, Inc. common stock at $28 per share. Brokers commissions, taxes, and fees were $1,200.

December 1, 2015 Darwin purchased 500 shares of Lurtz, Inc. common stock at $35 per share. Brokers commission was $700.

December 31, 2015 Make the appropriate entry for the Einstein Company bonds.

December 31, 2015 The market prices of the trading securities at December 31 were: Tommy, Inc. common stock, $29 per share; Einstein Company bonds, 98; and Lurtz, Inc. common stock, $40 per share. Make the appropriate entry.