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

February $17$ Purchased $$122,000$ of U$.$S$.$ Treasury $6\%$ bonds at par plus accrued interest of $$3,000.$ The security is to be held for short$-$term profits.

April $10$ Purchased $700$ shares of Gauges Incorporated common stock at $$160$ per share. This security will be held for an unspecified period of time.

August $8$ Sold $300$ shares of Gauges Incorporated for $$170$ per share.

October $5$ Sold half of the U$.$S$.$ Treasury bonds for $$61,500$ plus accrued interest of $$500.$

Required:

Prepare the journal entries for the above transactions, also Record the updation of the fair value adjustments for August $8$ and October $5$

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.