Question: Using the information from Exercise 1430, provide the journal entry that would be necessary to properly value the debt security if, on December 31, 2011,

Using the information from Exercise 14–30, provide the journal entry that would be necessary to properly value the debt security if, on December 31, 2011, the bond’s fair value was $96,500. Assume the security was initially classified as follows:
1. A trading security
2. An available-for-sale security
3. A held-to-maturity security

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