Benton Front Inc. made the following bond investment during the year for the purpose of trading. Assume Benton uses the fair value through profit or loss model and has a fiscal year end at March 31, 2022.

Feb. 1, 2022Purchased Arnprior Bonds at par for $23,000. Interest is paid semi-annually at a rate of 4% on February 1 and August 1 each year.Mar. 31, 2022The Arnprior Bonds were trading at 101.Aug. 1, 2022Collected interest on the Arnprior Bonds.Aug. 2, 2022Sold the Arnprior Bonds for $23,500.

(a) Record the above transactions and any necessary adjusting entries for Benton Front at its year end of March 31, 2022.

Question 1 of4 8.5/10 E View Policies Show Attempt History Current Attempt in Progress Benton Front Inc. made the following bond investment during the year for the purpose of trading. Assume Benton uses the fair value through prot or loss model and has a scal year end at March 31, 2022. Purchased Arnprior Bonds at par for $23,000. Interest is paid semi-annually at a rate of 4% on February 1 and Feb. 1' 2022 August 1 each year. Mar. 31, . . 2022 The Arnprlor Bonds were tradlng at 101. Aug. 1, 2022 Collected interest on the Arnprior Bonds. Aug. 2, 2022 Sold the Arnprior Bonds for $23,500. (a) Record the above transactions and any necessary adjusting entries for Benton Front at its year end of March 31, 2022. (Round answers to 0 decimal places, e.g. 125. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. lf no entry is required, select \"No Entry\" for the account titles and enter 0 for the amounts.) (a) Record the above transactions and any necessary adjusting entries for Benton Front at its year end of March 31, 2022. (Round answers to O decimal places, e-g. 125. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit Feb. 1 V Trading Investments 23,000 Cash 23,00( Mar. 31 Interest Receivable Interest Income (To record interest) Trading Investments 230 Unrealized Gain on Trading Investments 23 (To record unearlized gain/loss) Aug. 1 V Cash Interest Receivable Interest Income Aug. 2 Cash 23,500 Realized Gain on Trading Investments Trading Investments 23,230