On February 18, 2021, Union Corporation purchased 744 IBM bonds as a long-term investment at their face value for a total of 5744,000 Union will hold the bonds indefinitely, and may sell them if their price increases sufficiently. On December 31, 2021, and December 31, 2022, the market value of the bonds was $720,000 and $756,000, respectively. Required: 2 & 3. Prepare the adjusting entry for December 31, 2021 and 2022. (If no entry is required for a transaction/event, select "No Journal entry required" in the first account feld.) View transaction list Journal entry worksheet 2 A Record the adjusting entry for December 31, 2021. Note: Enter debits before credits Date General Journal Debit Credit December 31, 2021 On February 18, 2021, Union Corporation purchased 744 IBM bonds as a long-term investment at their face value for a total of $744,000. Union will hold the bonds indefinitely, and may sell them if their price increases sufficiently. On December 31, 2021, and December 31, 2022, the market value of the bonds was $720,000 and $756,000, respectively. Required: 2. & 3. Prepare the adjusting entry for December 31, 2021 and 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