Indonesia, Inc., held the following portfolio of securities on December 31, 2011 (the end of its first year of operations):

No additional securities were bought or sold during 2012. On December 31, 2012, Indonesia's securities had a fair market value of:
Trading securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $50,000
Available-for-sale securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 93,000
Held-to-maturity securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70,000
Prepare the entries required at the end of 2011 and 2012 to properly adjust Indonesia's portfolio ofsecurities.

Transcribed Image Text:

Market Value (12/31/11) Cost Trading securities Available-for-sale securities Held-to-maturity securities $55,000 80,000 75,000 $45,000 80,000