General Corporation purchased $922,000 of bonds with a coupon rate of 10% at face value on December 5, 2021. The market price of the bond was $976,000 on December 31, 2021. Required: Prepare the appropriate journal entry on December 31, 2021, to properly value the bonds assuming the bonds are classified as: (if no entry is required for a transaction/event, select "No journal entry required in the first account field.) Ignore the journal entry for coupon payment and interest recognition. 1. Trading securities. 2. Securities available for sale 3. Held-to-maturity securities. View transactionist Journal entry worksheet 1 2 3 Record the unrealized holding gain or loss for trading securities. Note: Enter debits before credits Transaction General Journal Debit Credit 1 General Corporation purchased $922,000 of bonds with a coupon rate of 10% at face value on December 5, 2021. The market price of the bond was $976,000 on December 31, 2021. Required: Prepare the appropriate journal entry on December 31, 2021, to properly value the bonds assuming the bonds are classified as: (if no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Ignore the journal entry for coupon payment and interest recognition 1. Trading securities. 2. Securities available-for-sale. 3. Held-to-maturity securities. View transaction list Journal entry worksheet