Question 9 lul 1 20: 7 Wheeler Cam any p rehased $4 noo oon gen maany he dR, a a

Question

Question 9 lul 1 20: 7 Wheeler Cam any p rehased $4 noo oon gen maany he dR, a an 1 1 2024. The bonds, which pay intere t iarnaal on nuary t and . Y 1 ere re ase rar $3,soo. o t ield IN ThesR hands are ela si ed availabl velue at December 31, 2017 of3,6 4,UOJ prejyre t journal entry if any ut December 31, 2017 to recurd this bensacuun. Cre t account tit es are tomat cary m en ed when th e mount is entered, Do not n ent m nu y 1f no entry s require account titics and enter O for the amounts.) ly ,u7 rsale ard they have a fair se ect "No Entry for the Date Account Titles and Explanation Dec. 31, 2017 Cliek if you would like to Show Work for this question: Cn Shaw Work

Explanation / Answer

Date

Account Titles and explanation

Debit

Credit

31-Dec-17

Securities fair value adjustment

104000

    Unrealized Holding Gain or Loss - equity

104000

Note:

Fair Value - Book Value = Gain

3604000-3500000 = 104,000

Date

Account Titles and explanation

Debit

Credit

31-Dec-17

Securities fair value adjustment

104000

    Unrealized Holding Gain or Loss - equity

104000

Note:

Fair Value - Book Value = Gain

3604000-3500000 = 104,000

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