3 Banjo Co. Purchases a bond they classify as Available for Sale on January 1st,2022....
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Accounting
Banjo Co Purchases a bond they classify as Available for Sale on January st The original value of the bond was $ and it was purchased for a discount. On December st the current fair value of the bond is $ and the balance in the discount account is $
What is the proper journal entry to record the Fair Value change on December st
Now it is March th and Banjo Co sells the bond for $ Make all necessary entries to record the sale of this bond.
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