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8. Additional Investment Transactions (Estimated 8 points) Bentz Corporation bought and sold several securities during 2009 as follows: February 17 Purchased $102,000 of US. Treasury

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8. Additional Investment Transactions (Estimated 8 points) Bentz Corporation bought and sold several securities during 2009 as follows: February 17 Purchased $102,000 of US. Treasury 6% bonds at par. April 10 Purchased 500 shares of Gauges, Inc. common stock at $140 per share. August &: Sold 100 shares of Gauges, Inc. common stock for $150 per share. October 5: Sold half of the U.S. Treasury bonds for $51,500. The security is to be held for short-term profits (trading). The security will be held for an unspecified period of time (available-for-sale) December 31: The current market price of Gauges, Inc. common stock is $145 per share. Due to changing interest rates, the U.S. Treasury bonds are currently valued in the market at 102 (i.e. 102% of par value). Required: Prepare the journal entries for the above transactions. Show calculations. Indicate "none" if no entry is required. February 17

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