Required:

Prepare the appropriate journal entry for each transaction or event.

E $12-4$ FASB codification research $$ LO$12-2$

Access the FASB Accounting Standards Codification at the FASB website $($

www$.$fasb.org$)$ and select Basic View for free access.

Required:

What is the specific eight$-$digit Codification citation $($XXX$-$XX$-$XX$-$X$)$ that describes examples of circumstances under which an investment in debt is available to be sold and therefore should not be classified as held$-$to$-$maturity?

List the circumstances and conditions.