Bentz Corporation bought and sold several securities during $2024.$ Listed below is a summary of the transactions:

February $17$ Purchased $$112,000$ of U$.$S$.$ Treasury $6\%$ bonds at par plus accrued interest of $$2,000.$ The security is to be held for short$-$term profits.

April $10$ Purchased $600$ shares of Gauges Incorporated common stock at $$150$ per share. This security will be held for an unspecified period of time.

August $8$ Sold $200$ shares of Gauges Incorporated for $$160$ per share.

October $5$ Sold half of the U$.$S$.$ Treasury bonds for $$56,200$ plus accrued interest of $$400.$

Required:

Prepare the journal entries for the above transactions.

$1.($February $17)$ Purchased $$112,000$ of U$.$S$.$ Treasury $6\%$ bonds at par plus accrued interest of $$2,000.$ The security is to be held for short$-$term profits.

$2.($April $10)$ Purchased $600$ shares of Gauges Incorporated common stock at $$150$ per share. This security will be held for an unspecified period of time.

$3.($August $08)$ Record the updation of the fair value adjustment.

$4.($August $08)$ Sold $200$ shares of Gauges Incorporated for $$160$ per share.

$5.($October $05)$ Record the updation of the fair value adjustment.

$6.($October $05)$ Sold half of the U$.$S$.$ Treasury bonds for $$56,200$ plus accrued interest of $$400.$