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forget it Spreadsheet 8 - Investment in bonds/trading securities Hinton Company purchased bonds as an trading security investment in early 2018. The company is now
forget it
Spreadsheet 8 - Investment in bonds/trading securities Hinton Company purchased bonds as an trading security investment in early 2018. The company is now ready to sell the bond investment on June 20, 2019. Available accounts: Unrealized Holding Gain - NI Unrealized Holding Loss -NI Fair Value Adjustment Facts: Carrying amount of investment 12/31/18 Carrying amount of investment 6/20/2019 Fair value on 12/31/18 Fair value on 6/20/2019 $57,200 60,500 55,900 61,600 Journalize the transaction to adjust the bond investment to fair value on June 20, 2019, just before the transaction for the sale is recorded. Use only formulas in the Account, Debit, and Credit columns. The amount formulas should work for not only the amochts given, but also if those amounts provided were different. Account Debit Credit Date 6/20 General S51 S52 S53 S54 S55 S56 SS7 SS8 Step by Step Solution
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