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Elkhardt Front Inc. made the following bond investment during the year for the purpose of trading. Assume Elkhardt uses the fair va through profit or

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Elkhardt Front Inc. made the following bond investment during the year for the purpose of trading. Assume Elkhardt uses the fair va through profit or loss model and has a fiscal year end at March 31, 2022. Feb. 1,2022 Purchased Arnprior Bonds at par for $26,500. Interest is paid semi-annually at a rate of 4% on February 1 and August 1 each year Mar. 31, 2022 The Arnprior Bonds were trading at 101. Aug. 1.2022 Collected interest on the Armprior Bonds. Sold the Arnprior Bonds for $27.030. Aug. 2. 2022 (a) Record the above transactions and any necessary adjusting entries for Elkhardt Front at its year end of March 31, 2022. (Round answers to 0 decimal places, eg. 125. Credit account titles are automaticah in

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