S\&L Financial buys and sells securities expecting to earn profits on short-term differences in price. Assume that on December 27. 2024 , S\&L purchased Coca-Cola bonds at par for $892,000 and sold the bonds on January 3, 2025, for $895,500. At December 31 , the bonds had a fair value of $889,000. Prepare journal entries to record (a) any unrealized gains or losses occurring in 2024 and (b) the sale of the bonds in 2025. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Record the unrealized gains or losses occurring at year end. Note: Enter debits tiefore credits. S\&L Financial buys and sells securities expecting to eam profits on short-term differences in price. Assume that on December 27. 2024, S\&L purchased Coca-Cola bonds at par for $892,000 and sold the bonds on January 3, 2025, for $895,500. At December 31 , the bonds had a fair value of $889,000. Prepare journal entries to record (a) any unrealized gains or losses occurring in 2024 and (b) the sale of the bonds in 2025. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Record the unrealized gains or losses occurring on the date of sale. Note Enter debits before credits. Journal entry worksheet Record the sale of the Coca-Cola bonds in 2025. Note: Enter debits before credits