c. record the adjusting entries by west company on december 31 of year 1 to accrue interest revenue and adjust the investment to fair value. the fair value of the bonds at december 31 was $81,000. date account name debit credit dec. 31, year 1 investment in afs securities 299 0 answer interest receivable 3,600 0 answer interest revenue 0 3,899 answer to accrue interest revenue. dec. 31, year 1 0 0 answer 0 0 answer to adjust investment to fair value.
