On January Brian Company purchased at par $ percent bonds issued by Laura Company to be actively
traded. At December the bonds had a fair value of $ The bond investment was sold on July for
$ Brian Company's fiscal year ends on December
Record the adjustment of the bond investment on December and the sale of the bonds on July
Ignore interest.
Note: If no entry is required for a transactionevent select No journal entry required" in the first account field.
Journal entry worksheet
Reclassify any gain or loss on the sale of the investments on July
Note: Enter debits before credits.
