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2. On January 1, 2013, Leger Company purchased $930,000 of 10% bonds at face value. The bond market value was S920,000 on December 31, 2013

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2. On January 1, 2013, Leger Company purchased $930,000 of 10% bonds at face value. The bond market value was S920,000 on December 31, 2013 Required: Prepare the appropriate journal entry on December 31, 2013, to properly value the bonds assuming the bonds iure classified as: (1) Trading securities (2.) Securities available for sale. (3.) Held-to-maturity securities

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