Question: Saved On January 1 , 2 0 2 4 , Hoosier Company purchased $ 9 1 8 , 0 0 0 of 1 0 %

Saved
On January 1,2024, Hoosier Company purchased $918,000 of 10% bonds at face value. The bond market value was $974,000 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.
1 Record the unrealized holding gain or loss for trading securities.
2 Record the unrealized holding gain or loss for availablefor-sale securities.
3 Record the unrealized holding gain or loss for held-tomaturity securities.
 Saved On January 1,2024, Hoosier Company purchased $918,000 of 10% bonds

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