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The first requirement of the question includes 10 different journal entries. I don't even know where to start. Please help me ASAP with a step by step guide!

The following selected transactions relate to investment activities of Ornamental insulation Corporation during 2024, The company buys debt securities, not intending to profit from short-term differences in price and not necessarily to hold debt securities to maturity, but to have them available for sale in years when circumstances warrant. Omamentai's fiscal year ends on December 31 . No investments were held by Omamental on December 31, 2023. March 31 Acquired 6s Distribution Transformers Corperation bonds costing \$56e, e00 at face value. Septenber 1 Acquired \$1,240, eee of Anerican Instrunents 8 s bonds at face value. September 3 e Received semiannual interest paynent on the oistribution Transforners bonds. October 2 Sold the Distribution Transformers bonds for \$6e1, eav. Novenber 1. Purchased $1,560, eve of MSD Corporation 45 bonds at face vatue. Decenber 31 Recorded any necessary adjusting entry(s) relating to the investnents. The narket prices of the finvestments are! Anerican Instrunents bends MSO Corporation bonds \$. 1,074,6e0 \$ 1,637,000 (Hint interest must be occrued.) Required: 1. Prepare, the appropriate journal entry for each transaction or event during 2024 , as well as any adjusting entries necessary at year-end. For any sales, prepare entries to update the fair-value adjustment, record any reclassification adjustment, and record the sale. 2. Indicate any amounts that Ornamental Insulation would report in its 2024 income statement, 2024 statement of comprehensive income, and 12/31/2024 balance sheet as a result of these investments. Include totals for net income, comprehensive income. and retained earnings as a result of these investments. Ignore income taxes. Complete this question by entering your answers in the tabs below. Prepare the appropriate joumal entry for each transection or event during 2024, as well as any adjusting entries necessary at year-end. For any sales, prepare entries to update the fair-value adjustment, record any reclassincation adjustment, and record the sale. Notei if no entry is required for a transaction/event, select "No journat entry required" in the first account neld Prepare the appropriate joumal entry for each transaction or event during 2024, as well as any adjusting entries necessary at year-end. For any sales, prepare entries to update the fair-value adjustment, record any reciassification adjustment, and record the sale. Note: If no entry is required for a transaction/event, select "No fournal entry required" in the first account field. Journal entry worksheet Record the acquisition of 6% Distribution Transformers Corporation bonds costing $60,000 at face value. Note: Enter debils before credits. Indicate any amounts that Omamental Insulation would report in its 2024 income statement, 2024 statement of comprehensive income, and 12/31/2024 balance sheet as a result of these investments. Include totals for net income, comprehensive income, and retained earnings as a result of these investments. Ignore income taxes. Note: Amounts to be deducted should be indicated with a minut sign

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