On July 1, 2024, Loki's Restaurant decides to invest excess cash of $55,200 from the tourist season by purchasing a Finch, Inc. bond at face value. At year-end, December 31, 2024, Finch's bond had a market value of $51,800. 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 Loki's investment in Finch, Inc. for 2024. (Record debits 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 cells blank.) Begin by journalizing Loki's investment in the Finch, Inc., bond on July 1, 2024. Date Account

On July 1, 2024, Lok's Restaurant decides to invest excess cash of $55,200 from the tourist scason by purchasing a Finch, inc, bond at foce value. Ad year-end, December 31 , 2024 . Finch's bond had a manet value of 851,800 . The investment is catogorted as an avalable-for-sale debt investment and wa be held for the short serm. Read the tsouitements Begn by journakzing toess mvestment in the Fneh, ine, bond on dry 1, 2024