Pronghorn Limited has two debt securities classified as FV-OCI. For the Chan bonds, assume the amortization table noted below. Assume further that the Anacomp bonds were purchased at par value (therefore there is no premium or discount) and that no impairment exists.

Bonds Purchased to Yield 10%
Date		Cash Received		Interest Income		Bond Discount Amortization		Amortized Cost of Bonds
1/1/23								$105,753
7/1/23		$4,950		$5,288		$338		106,091
1/1/24		4,950		5,305		355		106,446
7/1/24		4,950		5,322		372		106,818
1/1/25		4,950		5,341		391		107,209
7/1/25		4,950		5,360		410		107,619
1/1/26		4,950		5,381		431		108,050
7/1/26		4,950		5,403		453		108,503
1/1/27		4,950		5,425		475		108,978
7/1/27		4,950		5,449		499		109,477
1/1/28		4,950		5,473		523		110,000
Total		$49,500		$53,747		$4,247

FV-OCI Investment Portfolio December 31, 2023
Investments in Bonds		Amortized Cost		Fair Value		Unrealized Gain (Loss)
Chan Corporation 8% bonds		$106,446		$116,400		$9,954
Anacomp Corporation 10% bonds		219,400		199,000		(20,400)
Total portfolio		$325,846		$315,400		(10,446)
Previous fair value adjustment balance						-0-
Fair value adjustmentCr.						$(10,446)

Assume that Pronghorn sold the Chan bonds on July 1, 2024, for $102,000, at which time they had an amortized cost of $106,818 (after adjusting for discount amortization of $372). Assume further that the fair value of the Anacomp bonds at December 31, 2024, is $214,600. There was no other activity in the investment portfolio between July 1 and December 31, 2024.

Prepare the journal entry to record the sale. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries.)

Date	Account Titles and Explanation	Debit	Credit
July 1/24	enter an account title to revalue the investment to fair value on July 1, 2024	enter a debit amount	enter a credit amount
	enter an account title to revalue the investment to fair value on July 1, 2024	enter a debit amount	enter a credit amount
	(To revalue the investment to fair value)
July 1/24	enter an account title to recognize the sale on July 1, 2024	enter a debit amount	enter a credit amount
	enter an account title to recognize the sale on July 1, 2024	enter a debit amount	enter a credit amount
	(To recognize the sale)
July 1/24	enter an account title to reclassify the accumulated unrealized gain or loss on July 1, 2024	enter a debit amount	enter a credit amount
	enter an account title to reclassify the accumulated unrealized gain or loss on July 1, 2024	enter a debit amount	enter a credit amount
	(To reclassify the accumulated unrealized gain or loss)