On August 1, 2024, Nadia's Restaurant decides to invest excess cash of $55,600 from the tourist season by purchasing a Bison, Inc. bond at face value. At year-end, December 31, 2024, Bison's bond had a market value of $52,600. The investment is categorized as an available-for-sale debt investment and will be held for the short-term Read the requirements Requirement 1. Journalize the transactions for Nadia's investment in Bison, Inc. for 2024. (Record dobits first, then credits. Select the explanation on the last line of the journal entry table. If no entry is required, select "No entry required" on the first line of the Accounts and Explanation column and leave the remaining calls blank.) Begin by Journalizing Nadia's investment in the Bison, Inc., bond on August 1, 2024 Date Accounts and Explanation Credit Debit Aug 1 i Requirements 1. Journalize the transactions for Nadia's investment in Bison, Inc. for 2024. 2. In what category and at what value would Nadia report the asset on the December 31, 2024, balance sheet? In what account would the market price change in Bison's stock be reported, if at all? 3. What was the net effect of the investment on Nadia's net income for the year ended December 31, 2024? Print Done