OurNewCO sold its Boring bond (AFS) for its fair value, $900,000) January 1, 2021. The balances from 12/31/2020 are follows: CASH REVENUE AMORT CV 885301 6/30/2020 50,000 53118.06 3,118 888,419 12/31/2020 50,000 53305.14 3,305 891,724 On 12/31/2020 the FV adjustment account had a debit balance of $8276. The face amount of the Boring Bonds is $1,000,000. Write out the journal entries needed to record this sale. Then complete the statements below. On the date of the sale, the [Select ! V account will be [ Select] and there will be a) [Select] of gains or losses recorded in [Select] On that date of the sale, the [Select ] account will be On the date of the sale, the [Select] account will be [ Select] and there will be a(n) [Select ] of gains or losses recorded in [ Select] On that date of the sale, the [Select ] account will be [ Select] for the [Select] V On the date of the sale, the [Select] account balance will be [ Select] for (Select] The income statement will be [Sclect] V by the [ Select] on the date of sale. Write out the journal entries needed to record this sale. Then complete the statements below. account will be On the date of the sale, the [Select] Select) [Select] FV adjustment account Unrealized gains/losses - NI Bond Discount of gains or losses recorded in T SEICOT ect ] On that date of the sale, the [ Select ] account will be [ Select] for the [Select ] On the date of the sale, the Select) account balance will be Select) for (Select] The income statement will be [ Select ] by the [Select ] on the date of sale. Write out the journal entries needed to record this sale. Then complete the statements below. On the date of the sale, the [ [ Select ] v account will be [ Select] Y and there will be a(n) [ Select ] Select] credited debited Select] On that date of the sale, the [Select ] account will be [ Select] for the [ Select ] On the date of the sale, the [ Select] y account balance will be [ Select ] for [ Select ] [ Select] The income statement will be V by the [ Select] on the date of sale. Write out the journal entries needed to record this sale. Then complete the statements below. On the date of the sale, the [Select ] account will be [Select] and there will be an) [Select ] [ Select] of gains or losses recorded in [Select] reversal increase no change On that date of the sale, the Select ] account will be [ Select] V for the [Select] On the date of the sale, the [Select ] account balance will be [Select] for [Select] The income statement will be Select] by the Select on the date of sale. Write out the journal entries needed to record this sale. Then complete the statements below. On the date of the sale, the [Select] account will be [ Select] and there will be aln) [ [ Select) of gains or losses recorded in [Select ] Select Other Comprehensive Income Net Income On that date of the sale, the account will be [ Select] for the [Select] On the date of the sale, the [Select] account balance will be [ Select) for [ Select ] The income statement will be [Select ] by the [Sciec on the date of sale Write out the journal entries needed to record this sale. Then complete the statements below. On the date of the sale, the [Select] account will be [ Select] and there will be a(n) [Select ] of gains or losses recorded in [Select ] On that date of the sale, the [ Select ] account will be [Select] Select Bond Investment Bonds Payable Cash On the date of the sale, the [Select ] y account balance will be Select] [ Select ] V for The income statement will be Select ] by the Select] V on the date of sale. Write out the journal entries needed to record this sale. Then complete the statements below. On the date of the sale, the [Select] account will be [ Select] and there will be a(n) [Select ] of gains or losses recorded in [Select] On that date of the sale, the [Select ] account will be [Select] for the [Select ] Select] credited debited Select ] account balance will [ Select] v for (Select] The income statement will be Select] by the Select] on the date of sale. Write out the journal entries needed to record this sale. Then complete the statements below. On the date of the sale, the [Select ] account will be [ Select ] and there will be ain) (Select ] of gains or losses recorded in [ Select ] On that date of the sale, the [Select] account will be [ Select] for the [Select ] Select) Face amount Amortized Cost On the date of the sale, the [Select ] lance will be [ Select] V for [ Select] The income statement will be (Select] by the Select] on the date of sale. Write out the journal entries needed to record this sale. Then complete the statements below. On the date of the sale, the [Select ] account will be [ Select] and there will be a(n) [ Select ] of gains or losses recorded in [ Select] On that date of the sale, the [Select ] y account will be [ Select) V for the [Select ] account balance will be On the date of the sale, the [Select ] Select (Select] Discount Premium Cash The income statement will be [ Select) by the Select on the date of sale. Write out the journal entries needed to record this sale. Then complete the statements below. On the date of the sale, the [Select ] account will be [ Select ] and there will be a(n) [Select ] of gains or losses recorded in [Select] On that date of the sale, the [Select ] V account will be [ Select] for the [ Select ] On the date of the sale, the [ Select ] account balance will be [ Select ] V for (Select ] [Select ] debited credited [ Select ] V by the Select] on the date of sale. statements below. On the date of the sale, the [Select] account will be [ Select] and there will be ain) (Select ] of gains or losses recorded in [Select] V On that date of the sale, the [Select ] account will be [ Select] for the (Select] On the date of the sale, the [ Select ] account balance will be [Select] for [Select ] [ Select) $108,276 The income statement will be (Sc $3.305 $8.276 he Select] on the date of sale. Write out the journal entries needed to record this sale. Then complete the statements below. On the date of the sale, the [Select] account will be [ Select] V and there will be ain) [Select] [ Select] V of gains or losses recorded in On that date of the sale, the [Select] account will be [ Select] for the [Select] On the date of the sale, the [Select ] account balance will be [ Select] for [Select] The income statement will be [ Select ] V by the [ Select] Select increased decreased not impacted statements below. On the date of the sale, the [Select] account will be [ Select ] and there will be aln) [ Select ] of gains or losses recorded in [Select] On that date of the sale, the [Select] account will be [ Select] for the (Select ] On the date of the sale, the [Select ] v account balance will be [ Select] for [Select ] The income statement will be [Select ] y by the [ Select] on the date of sale. T Select] realized gain realized loss