In 2021, Cromwell Corporation purchased bonds of Oliver Company at par for $300,000 and classified the investment as available-for-sale. In 2022, the market value increased to $320,000. In 2023, the market value of the investment declined to $310,000, and the investment was sold for $310,000.   Question Journal entries for 2023 would include:       Debit to Bond Investment - AFS of $300,000     Debit to Fair Value Adjustment - AFS of $20,000     Debit to Gain on Sale of Bond Investment - AFS of $10,000     Debit to Unrealized Holding Gains and Losses - OCI for $20,000

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