3A.Hendricks Corporation purchased trading investment bonds for $59,420 at par. At December 31, Hendricks received annual interest of $2,240, and the fair value of the bonds was $56,610. Prepare Hendricks journal entries for (a) the purchase of the investment, (b) the interest received, and (c) the fair value adjustment. (Assume a zero balance in the Fair Value Adjustment account.)

3B. Hendricks Corp purchased, as an available-for-sale security, $86,300 of the 8%, 5-year bonds of Chester Corporation for $79,757, which provides an 10% return. Prepare Hendricks journal entries for (a) the purchase of the investment, (b) the receipt of annual interest and discount amortization, and (c) the year-end fair value adjustment. (Assume a zero balance in the Fair Value Adjustment account.) The bonds have a year-end fair value of $81,985.

3C.Hendricks Company purchased, as a held-to-maturity investment, $94,400 of the 10%, 7-year bonds of Chester Corporation for $85,784, which provides an 12% return.Prepare Hendricks journal entries for (a) the purchase of the investment, and (b) the receipt of annual interest and discount amortization. Assume effective-interest amortization is used.