Using the information from Exercise 14-30, provide the journal entry that would be necessary to…

Using the information from Exercise 14-30, provide the journal entry that would be necessary to properly value the debt security if, on December 31, 2013, the bond’s fair value was $96,500. Assume the security was initially classified as follows: 1. A trading security 2. An available-for-sale security 3. A held-to-maturity security View Solution:
Using the information from Exercise 14 30 provide the journal entry

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