On February $1,2024,$ Cole Co$.$ decides to invest excess cash of $$17,000$ by purchasing a Dixon, Inc. bond at face value. At year$-$end, December $31,2024,$ the fair value of the Dixon bond was $$21,700.$ The investment is categorized as a trading debt investment.

Read the requirements.

Requirement $1.$ Journalize the transactions for Cole's investment in Dixon, Inc. for $2024.($Record debits first, then credits. Select the explanation on the last line of $t$ 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 cells blank.$)$

Begin by journalizing Cole's investment in the Dixon, Inc., bond.

$\backslash$table$[[$Date$,$Accounts and Explanation,Debit,Credit$],[$Feb$.1,$Unrealized Holding Gain$-$Trading,,$],[,,,],[,,,],[,,$G$,],[,,,]]$