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I need help with the account titles Question 6 of 9 1.67/10 Carla Corporation has municipal bonds classified as a held-to-maturity at December 31, 2025.
I need help with the account titles
Question 6 of 9 1.67/10 Carla Corporation has municipal bonds classified as a held-to-maturity at December 31, 2025. These bonds have a par value of $876,000, an amortized cost of $876yOOO,and afair value of $799,000. The company believes that impairment accounting is now appropriate for these bonds. (a) Your answer is partially eprrectl Prepare the journal entry to recognize the impairment' lList debit entry before credit entry. Credit account titles are automatically indented when amount is entered Do not indent tnanuauy.df no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Loss on Impairment Debt Investments Debit 77000 Credit SUPPORT 77000
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