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ok S&L Financial buys and sells securities expecting to earn profits on short-term differences in price. On December 27, 2021, S&L purchased Coca-Cola bonds at

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ok S&L Financial buys and sells securities expecting to earn profits on short-term differences in price. On December 27, 2021, S&L purchased Coca-Cola bonds at par for $892,000 and sold the bonds on January 3, 2022, for $900,000 At December 31, the bonds had a fair value of $885,000. Prepare journal entries to record (a) any unrealized gains or losses occurring in 2021 and (b) the sale of the bonds in 2022 (if no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 > Record the unrealized gains or losses occurring at year and Note Enter debits before credits hata online notit Journal entry worksheet Book Record the unrealized gains or losses occurring on the date of sale. Note: Enter debits before credits Date January 03, 2022 General Journal Debit Credit Record entry Clear entry View general journal

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