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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.

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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 $57,200 Carrying amount of investment 6/20/2019 60,500 Fair value on 12/31/18 Fair value on 6/20/2019 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 amounts given, but also if those amounts provided were different Credit Debit Account Date 6/20

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