On January $1,2024,$ Hoosier Company purchased $$934,000$ of $10\%$ bonds at face value. The bond market value was $$982,000$ on

December $31,2024.$

Required:

Prepare the appropriate journal entry on December $31,2024,$ to properly value the bonds assuming the bonds are classified as:

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.

Trading securities$.$

Available$-$for$-$sale securities$.$

Held$-$to$-$maturity securities$.$

Journal entry worksheet

Record the unrealized holding gain or loss for trading securities$.$

Note: Enter debits before credits.