Rantzow$-$Lear Company buys and sells debt securities expecting to earn profits on short$-$term differences in price. The company$$s fiscal year ends on December $31.$ The following selected transactions relating to Rantzow$-$Lear$$s trading account occurred during December $2018$ and the first week of $2019.$

$2018$

Dec. $17$ Purchased $125$ Grocers' Supply Corporation bonds for $$437,500.$

$28$ Received interest of $$3,000$ from the Grocers$$ Supply Corporation bonds.

$31$ Recorded any necessary adjusting entry relating to the Grocers' Supply Corporation bonds. The market price of the bonds were $$4,000$ per bond.

$2019$

Jan. $5$ Sold the Grocers' Supply Corporation bonds for $$468,750.$

Required:

$1.$ Prepare the appropriate journal entry or entries for each transaction.