accountingac

S&L Financial buys and Sells securities expecting to earn prots on short-term differences in price. On December 27, 2021, S&L purchased Coca-Cola bonds at par for $884,000 and sold the bonds on January 3, 2022, for $890,000. At December 31, the bonds had a fair value of $881,000. 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 transactionlevent, select "No journal entry required" in the first account field.) View transaction list Record the unrealized gains or losses occurring at year end. Record the unrealized gains or losses occurring on the date of sale. Record the sale of the Coca-Cola bonds in 2022. Note : . = journal entry has been entered Record entry Clear enlry View general journal