On February 15, the Tuco Company purchases bonds from Salamanca Corp. for $100,000. The investment is classified as available-for-sale securities. This is the company's first and only investment in available-for-sale securities. On December 31, the bonds had a fair value of $100,500. Record the journal entry to record the year-end adjustment .

Answer rating: 100% (QA)

Since Tuco Company classified the bonds as availableforsale securities they are re... View the full answer