Question: Req 1 and 2 Req 3 Req 4 Suppose Moody's bond rating agency downgraded the risk rating of the bonds motivating Tanner-UNF to sell

Req 1 and 2 Req 3 Req 4 Suppose Moody's bond rating

Req 1 and 2 Req 3 Req 4 Suppose Moody's bond rating agency downgraded the risk rating of the bonds motivating Tanner-UNF to sell the investment on January 2, 2022, for $120.0 million. Prepare the journal entry to record the sale. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).) No 1 General Journal Date January 02, 2022 No Transaction Recorded 2 January 02, 2022 Cash Discount on bond investment Loss on investments (NI) Investment in bonds < Req 3 Req 4 > Show less Debit Credit

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