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On January 1, 2021, Hoosier Company purchased $920,000 of 10% bonds at face value. The bond market value was $975,000 on December 31, 2021. Required:

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On January 1, 2021, Hoosier Company purchased $920,000 of 10% bonds at face value. The bond market value was $975,000 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 list Journal entry worksheet 1 2 3 Record the unrealized holding gain or loss for trading securities Note: Enter debits before credits Transaction General Journal Debit Credit Journal entry worksheet Record the unrealized holding gain or loss for securities available-for-sale. Note: Enter debits before credits. Transaction General Journal Debit Credit

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