Bridgeport Corporation purchased trading investment bonds for $$60,000$ at par. At December $31,$ Bridgeport received annual interest of $$2,400,$ and the fair value of the bonds was $$57,400.$

Prepare Bridgeport' journal entries for $($a$)$ the purchase of the investment, $($b$)$ the interest received, and $($c$)$ the fair value adjustment. $($Assume a zero balance in the Fair Value Adjustment account.$)($List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.$)$

No$.$ Account Titles and Explanation

Debit

Credit

$($a$)$

$($b$)$

$($c$)$