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.

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

• 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.