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aoe tompleted so far. It does not indicate c 2 Rantzow Lear Company buys and sells debt securities expecting to earn profits on short-term differences in price. The companys fiscal year ends on December 31. The following selected transactions relating to Rantzow-Lear's trading account occurred during December 2018 and the first week of 2019. 12.5 points 2818 Dec. 17 Purchased 185 Grocers' Supply Corporation bonds for $367, 5ee. ion bonds 31 Recorded any necessary adjusting entry relating to the Grocers Supply Corporation were $4,800 per bond. 2819 Dan. 5 sold the Grocers' Supply Corporation bonds for $399,eee. Required journal entry required" in the first account field.) 1. Prepare the appropriate journal entry or entries for each transaction. (If no entry is required for a transaction/event, select "No Answer is not complete. No Date General Journal Debit Credit December 17. Investment in Grocers' Supply bonds 367,500 2018 Cash 367,500 December 28, Cash 2.200 2018 Interest revenue 2,200 December 31, Fair value adjustment 92.500 2018 Unrealized holding gain-oci 92,500 05, Cash 3 399,000 2019 Investment in Grocers' Supply bonds 367,500 Prey2 of 8 ! Next 2 journai entry requirea in ne irst account neia. Answer is not complete. No Date 12.5 points General Journal Debit Credit December 17, 2018 Investment in Grocers' Supply bonds 367,500 Cash 367,500 December 28 2018 2.200 Interest revenue 2,.200 2.200 December 3, Fair value adjustment 92,500 2018 Unrealized holding gain-oci 92,500 January 05, 2019 |Cash 399,000 Investment in Grocers' supply bonds 367,500 2. Indicate any amounts that Rantzow-Lear Company would report in its 2018 balance sheet and income statement as a result investment. Balance Sheet (short-term investment: Income Statement

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