Bentz Corporation bought and sold several securities during 2016. Listed below is a summary of the transactions:

February 17	Purchased $98,000 of U.S. Treasury 6% bonds at par plus accrued interest of $1,000. The security is to be held for short-term profits.
April 10	Purchased 460 shares of Gauges Inc. common stock at $145 per share. This security will be held for an unspecified period of time.
August 8	Sold 240 shares of Gauges Inc. for $155 per share.
October 5	Sold half of the U.S. Treasury bonds for $49,460 plus accrued interest of $260.

Required:

Prepare the journal entries for the above transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

Bentz Corporation bought and sold several securities during 2016. Listed below is a summary of the transactions: February 17 Purchased $98,000 of US Treasury 6% bonds at par plus accrued interest of $1,000. The security is to be held for short-term profits. Purchased 460 shares of Gauges Inc. common stock at $145 per share. This security will be held for an unspecified period of time April 10 August 8 Sold 240 shares of Gauges Inc. for $155 per share October 5 Sold half of the U.S. Treasury bonds for $49,460 plus accrued interest of $260. Required: Prepare the journal entries for the above transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 3 4 Purchased $98,000 of U.S. Treasury 6% bonds at par plus accrued interest of $1,000. The security is to be held for short-term profits