Jones Inc. 6% bonds, purchased at face value, with an amortized cost of $3,950,000, and classified as an available-for-sale investment. Because of unrealized losses prior to 2021, the Jones bonds have a fair value adjustment account with a credit balance of $550,000, such that the carrying value of the Jones investment is $3,400,000 prior to making any adjusting entries in 2021. At December 31, 2021, the Jones investment had a fair value of $2,850,000, and Stewart calculated that $300,000 of the difference between amortized cost and falr value is a credit loss and $800,000 is a noncredit loss. At December 31, 2022, the Jones Investment had a falr value of $3,175,000, and Stewart calculated that $200,000 of the difference between amortized cost and fair value is a credit loss and $575,000 is a noncredit loss. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Show less A View transaction list Journal entry worksheet 2 3 4 Record any necessary journal entry for the credit losses. Note: Enter debits before credits. General Journal Debit Credit Date December 31, 2021 Record entry Clear entry View general journal