S10-6 (similar to) Question Help O On August 1, 2018, Bella's Restaurant decides to invest excess cash of $55,200 from the tourist season by purchasing a Bison, Inc. bond at face value. At year-end, December 31, 2018, Bison's bond had a market value of $52,800. 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 Bella's investment in Bison, Inc. for 2018. (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 Bella's investment in the Bison, Inc., bond on August 1, 2018 Date Accounts and Explanation Debit Credit Aug. 1 0 Requirements - 1. Journalize the transactions for Bella's investment in Bison, Inc. for 2018. 2. In what category and at what value would Bella report the asset on the December 31, 2018, balance sheet? In what account would the market price change in Bison's stock be reported, if at all? 3. What was the net effect of the investment on Bella's net income for the year ended December 31, 2018? Print Done Choose from any list or enter any number in the input fields and then click Check Answer. ? 3 parts Clear All Check Answer remaining