Loreal$-$American Corporation purchased several marketable securities during $2024.$ At December $31,2024,$ the company had the

investments in bonds listed below. None was held at the last reporting date, December $31,2023,$ and all are considered securities

available$-$for$-$sale.

Required:

Prepare appropriate adjusting entry at December $31,2024.$

What amount would be reported in the income statement at December $31,2024,$ as a result of the adjusting entry?

Complete this question by entering your answers in the tabs below.

Prepare appropriate adjusting entry at December $31,2024.$

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.

Journal entry worksheet

Record the adjusting entry for December $31,2024.$

Note: Enter debits before credits.