Question: Saved On January 1 , 2 0 2 4 , Hoosier Company purchased $ 9 1 8 , 0 0 0 of 1 0 %
Saved
On January Hoosier Company purchased $ of bonds at face value. The bond market value was $ on December
Required:
Prepare the appropriate journal entry on December to properly value the bonds assuming the bonds are classified as: Note: If no entry is required for a transactionevent select No journal entry required" in the first account field.
Trading securities
Availableforsale securities
Heldtomaturity securities
Record the unrealized holding gain or loss for trading securities
Record the unrealized holding gain or loss for availableforsale securities
Record the unrealized holding gain or loss for heldtomaturity securities
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