Page 1 of 1
9. On August 20, 2024, Mackel, Co. decides to invest excess cash of $3,900 by purchasing Buffalo, Inc. bonds. At year-en
Posted: Fri Jul 01, 2022 8:52 am
by answerhappygod
- 9 On August 20 2024 Mackel Co Decides To Invest Excess Cash Of 3 900 By Purchasing Buffalo Inc Bonds At Year En 1 (442.29 KiB) Viewed 25 times
9. On August 20, 2024, Mackel, Co. decides to invest excess cash of $3,900 by purchasing Buffalo, Inc. bonds. At year-end, December 31, 2024, the market price of the bonds was $3,400. The investment is categorized as available-for-sale debt. Journalize the adjusting entry needed at December 31, 2024. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date 2024 Dec. 31 Accounts and Explanation Debit Credit