EFI paid $102,974 for a $100,000, 5.0% coupon bond issued by Zachary Ltd. that pays interest on June 30 and December 31 each year. The bond matures on December 31, 20X9. EFI classified this investment at FVPL.

EFI paid $176,618 for a $200,000, 3.0% coupon bond issued by Belle Inc. that pays interest on June 30 and December 31 each year. The bond matures on December 31, 20X7. EFI classified this investment at fair value through other comprehensive income (FVOCI).

December 31, 20X1 market values

Zachary Ltd. $101,500

Belle Inc. $183,500

Jan 2, 20X2

EFI reclassified its investment in Zachary's bonds from FVPL to amortized cost.

EFI reclassified its investments in Belle's bondsfrom FVOCI to amortized cost.

What would the June 31, 20X2 Journal entry be? Because they are reclassified as amortized cost would we just make them the same journal entry as December 31, 20X1?

Dec 31, 20X1 Journal entries were:

Dr. Cash 2500

Dr. investments-zachary ltd-AC 353

Cr. Investment revenue 2853

and

Dr. Cash 3000

Dr. investment-Belle inc-AC 1934

Cr. Investment revenue 4934