Granger Ltd. purchased $0.927 million of 10-year, 4% bonds on July 1, 2021, at 109.0 (this means 109.0% of face value). Interestis received semi-annually on January 1 and July 1. The bonds were trading at 107.5 at December 31, 2021. Granger intends to trade the bonds in the near future and is using the fair value through profit or loss model. (a) Record any required adjusting journal entries at December 31. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31 (To accrue interest) Dec. 31 (To record adjustment to fair value)