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.

$-$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.

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

$-$Record the updation of the fair value adjustment.

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

$-$Record the updation of the fair value adjustment.

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