0 You skipped this question in the previous attempt Required information The following information applies to the questions displayed below) Stoll Co's long-term available for sale portfolio at the start of this year consists of the following Available-for-Sale Securities Company A bonds Company B notes Company C bonds Cost $530, 300 159,210 663,600 Fair Value $494,000 154,000 648, 160 Stoll enters into the following transactions involving its available-for-sale debt securities this year. Jan. 29 Sold one-half of the Company B notes for $78,920. July 6 Purchased bonds of Company x for $127,100. Nov. 13 Purchased notes of Company 2 for $267,900. Dec. 9 Sold all of the bonds of Company A for $522,300. The fair values at December 31 are B. $83,300; C. $604600: X, $112,000, and Z. $290,000 Required: 1. Prepare journal entries to record these transactions, including the December 31 adjusting entry to record the fair value adjustment for the long-term investments in available for sale securities 2. Determine the amount Stoll reports on its December 31 balance sheet for its long-term investments in available for sale securities Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare journal entries to record these transactions, including the December 31 adjusting entry to record the fair value adjustment for 0 You skipped this question in the previous attempt Required information Required: Required 2 Prepare journal entries to record these transactions, including the December 31 adjusting entry to record the fair value adjustment for the long-term investments in available-for-sale securities. View transaction list Journal entry worksheet 1 2 3 4 5 > Sold one-half of the notes Company B for $78,920. Note: Enter debits before credits. Date General Journal Debit Credit Jan. 29 View general journal Record entry Clear entry O You skipped this question in the previous attempt Required information of 2 Required 1 Required 2 Determine the amount Stoll reports on its December 31 balance sheet for its long-term investments in available-for-sale securities. . Fair Value Adjustment Computation: Available-for-Sale Securities December 31 AFS Securities ok Cost Fair Value Unrealized Amount U nces Total $ 0 0 $ 16 17 of 32 Next >