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On February 1,2020, Aggie Corporation sold its investment in Smith Corporation bonds for $12,500. The...

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Accounting

On February 1,2020, Aggie Corporation sold its investment in Smith Corporation bonds for $12,500. The bonds have a face value of $12,000 and a stated interest rate of 10%. The market value of the bonds on December 31,2019 was $12,300.
Required:
Prepare the journal entries to record the sale of the bonds and the adjustments of the unrealized gain or loss.
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