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Question 3: Banjo Co. Purchases a bond they classify as a Trading Security...

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Accounting

Question 3:
Banjo Co. Purchases a bond they classify as a Trading Security on January 1st,2022. The original value of the bond was $100,000 and it was purchased for a discount. On December 31st,2022, the current fair value of the bond is $90,000, and the balance in the discount account is $20,000
What is the proper journal entry to record the fair Value change on December 31st,2022?
Account
Debit
Credit
C
G
H
1
L
\table[[1,],[12,]]
Account - Debit Credit -
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