Question $3$:

Banjo Co$.$ Purchases a bond they classify as a Trading Security on January $1$st$,2022.$ The original value of the bond was $$100,000$ and it was purchased for a discount. On December $31$st$,2022,$ the current fair value of the bond is $$90,000,$ and the balance in the discount account is $$20,000$

What is the proper journal entry to record the fair Value change on December $31$st$,2022?$

Account

Debit

Credit

C

G

H

$1$

L

$\backslash$table$[[1,],[12,]]$

Account $-$ Debit Credit $-$