A company purchased a $20,000, 8.4 percent bond (interest payable each April 1) on March 31, 2014, as a short-term investment. The total cash paid was $20,300. The investment is to be classified as a FVTPL investment.

(a) Give the entry required by the company on March 31, 2014.

(b) Give any adjusting entry the company required on December 31, 2014, end of reporting period. If none is required, so state.