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Trading Debt Securities On May 18, 201, Fran Co, invested excess cash of $50,000 by puchasing bonds of Hans Inc. At year-end December 31, 2018,

Trading Debt Securities

On May 18, 201, Fran Co, invested excess cash of $50,000 by puchasing bonds of Hans Inc. At year-end December 31, 2018, the market price of the bonds was $52,000. The investment is categorized as a trading debt investment.

Required: Record the Adjusting Entry needed at 12/31/18 .

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