Question: please help. ive been struggling on this for an hour and the work is due within an hour or two. thanks for your help! Journal

 please help. ive been struggling on this for an hour and
the work is due within an hour or two. thanks for your
help! Journal entry worksheet Record the adjusting entry for the investment on
please help. ive been struggling on this for an hour and the work is due within an hour or two. thanks for your help!

Journal entry worksheet Record the adjusting entry for the investment on December 31, 2023. Note: Enter debits before credits. Journal entry worksheet Record the adjusting entry for the investment on December 31, 2024. Note: Enter debits before credits. On March 17, 2023, Union Corporation purchased 500 bonds of AZQ as a long-term investment at $400 per bond, On December 31 , 2023 , and December 31,2024 , the market value of the AZQ bonds is $420 and $430, respectively. Required: 1. What is the appropriate reporting category for this investment? 2. Prepare the adjusting entry on December 31,2023. 3. Prepare the adjusting entry on December 31,2024. Complete this question by entering your answers in the tabs below. What is the appropriate reporting category for this investment

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