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On January 1, 2021, Hoosier Company purchased $918,000 of 10% bonds at face value. The bond market value was $974,000 on December 31, 2021 Required:

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On January 1, 2021, Hoosier Company purchased $918,000 of 10% bonds at face value. The bond market value was $974,000 on December 31, 2021 Required: Prepare the appropriate journal entry on December 31, 2021, to properly value the bonds assuming the bonds are classified as: (if no entry is required for a transaction/event, select "No journal entry required" in the first account field.) 1. Trading securities 2. Securities available for sale 3. Held-to-maturity securities View transaction fist Journal entry worksheet > 1 2 3 4 Record the unrealized holding gain or loss for trading securities Note Enter debits before credits Debit General Journal Transaction Credit 1 Journal entry worksheet

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