On 1 July 20X2, a company bought an investment in IBM bonds at par for US$61,000 when the exchange rate was US$1 = Cdn$1.12. The investment is classified as FVTPL. The company paid cash on the acquisition date. At 31 December, the exchange rate was US$1 = Cdn$1.08. The fair value was US$64,000. Required: Prepare journal entries to record the purchase of bonds and any adjusting entries at year-end. Disregard any interest accrual. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations.) View transaction list 1 > Record the Investment. 2 Record the change in fair value and exchange rate. ebit Credit Note: = journal entry has been entered Record entry Clear entry View general journal