Wynn Corporation purchased a $$100,000$ par value of Barr Company bonds at $98$ with an annual yield of $10\%$ on $1/1/2023.$ The bonds pay interest annually on $12/31$ and the stated annual interest rate is $9\%.$ Wynn classified the investments in bonds as trading securities$.$ Wynn received $$9,000$ interest for investments in Barr Company bonds for $2023$ on $12/31/2023($note: the discount of the bond investments should be amortized using the effective interest method when recording the receipt of $$9,000$ interest on $12/31/2023).$ The market price of Barr company bonds was

$99$ on $12/31/2023.$ The fair value adjustment account balance was a debit of $$50$ before the fair value adjustment on $12/31/2023.$

Required:

a$.$ Fill in the following discount amortization table and prepare journal entries for the transactions that occurred in $2023($i$.$e$.,$ The acquisition of bonds on $1/1/2023$ and the receipt of interest on $12/31/2023).$

Date

Cash $($dr$.)$ Int. Rev. $($cr$.)$ Dis. Amor. $($dr$.)$ Debt Investments Make the appropriate entry to apply the fair market valuation rule for the debt investments in Barr Company's