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Indicate the effects of the transactions listed

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Question - On January 1, 2018, Brian Company purchased at par $714,000, 7 percent bonds issued by Laura Company to be held as available-for-sale securities. At December 31, 2018, the bonds had a fair value of $687,900. The bond investment was sold on July 1, 2019, for $717,100. Brian Company's fiscal year ends on December 31.

Using the following categories, indicate the effects of the transactions listed above, assuming the securities are available-for-sale.

Reference no: EM132543587

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