Hendricks corporation purchased trading investment bonds for $50,000 at par. at december 31, hendricks received annual interest of $2,000, and the fair value of the bonds was $47,400.prepare hendricks' journal entries for (a) the purchase of the investment, (b) the interest received, and (c) the fair value adjustment. (assume a zero balance in the fair value adjustment account.)

On april 1, santa fe, inc. paid griffith publishing company $2,448 for 36-month subscriptions to several different magazines. santa fe debited the prepayment to a prepaid subscriptions account, and the subscriptions started immediately. what amount should appear in the prepaid subscription account for santa fe, inc. after adjustments on december 31 of the first year assuming the company is using a calendar-year reporting period and no previous adjustment has been made?