2 S&L Financial buys and sells securities expecting to earn profits on short-term differences in price. On December 27, 2021, S&L purchased Coca-Cola bonds at par for $889.000 and sold the bonds on January 3, 2022, for $898,500. At December 31, the bonds had a fair value of $880,000. Prepare journal entries to record (a) any unrealized gains or losses occurring in 2021 and (b) the sale of the bonds in 2022. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) ints 01:23:34 View transaction list eBook Journal entry worksheet References 1 2. 3 Record the unrealized gains or losses occurring at year end. Note: Enter debits before credits. Date General Journal Debit Credit December 31, 2021 S&L Financial buys and sells securities expecting to eam profits on short-term differences in price. On December 27, 2021, S&L purchased Coca-Cola bonds at par for $889.000 and sold the bonds on January 3, 2022, for $898,500. At December 31, the bonds had a fair value of $880,000. Prepare journal entries to record (a) any unrealized gains or losses occurring in 2021 and (b) the sale of the bonds in 2022. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the sale of the Coca-Cola bonds in 2022. Note: Enter debits before credits. Date General Journal Debit Credit January 03, 2022