Henry Inc. purchased $10,000 of Container Corporations 5% bonds at par. The purchase was made on January 1, 2020, and the investment was classified as a trading security. On June 30, 2020, Henry Inc. received semiannual interest of $250. On that date, the fair value of the bonds was $9,600. Prepare Henrys journal entries for (a) the purchase of the investment, (b) the interest received, and (c) the fair value adjustment.

• Note: If a line in a journal entry isn't required for the transaction, select "N/A" as the account names and leave the Dr. and Cr. answers blank (zero).

Date Account Name Dr. Cr. Jan. 1, 2020 0 0 0 0 b. June 30, 2020 0 0 0 0 C. June 30, 2020 0 0 0 0