2. Calculate the market value of Williamss short-term investment portfolio at December 31.

Williams Corporation Market Value of Short-term Investment Portfolio December 31 Market value of portfolio on December 31: 200 Southwestern shares $fill in the blank f93f2df8403dfe9_1 500 Montgomery shares fill in the blank f93f2df8403dfe9_2 Portfolio market value $fill in the blank f93f2df8403dfe9_3 Question Content Area 3. Prepare the necessary adjusting entry at December 31. If an amount box does not require an entry, leave it blank.

Dec. 31

Question Content Area 4. How would these securities be disclosed on the December 31 balance sheet? Assume that Williams expects to sell the investment in the next year.

Williams Corporation Partial Balance Sheet December 31 Current assets: Investments:

$- Select -