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Bought $350,000, 4- year, 6% , PA State bonds(payable6/1) , 8% market rate, expecting to sell in 9 months. a) what is the jurnal entry

Bought $350,000, 4- year, 6% , PA State bonds(payable6/1) , 8% market rate, expecting to sell in 9 months.

a) what is the jurnal entry for this year

b) 1/2/24 Philadelphia nond : 2 % market value defrease.

What is the ajusting entry with new market value

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