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. (5) Finally, in a worksheet that you label Journal Entries in your Excel file, create the following journal entries: What is the journal entry
. (5) Finally, in a worksheet that you label Journal Entries in your Excel file, create the following journal entries: What is the journal entry that your company would use to record investment in these companies' stocks on December 31, 2016? What adjusting entries would you need to make on December 31, 2017, 2018, 2019, and 2020 to record the change in the value of this investment? Nike Under McDonalds Armour Date $485,183.87 $1,095,791.78 $251,700.00 12/30/2016 $605,023.42 $1,589,449.16 $133,200.00 12/29/2017 $725,230.48 $ 1,681,305.39 $161,700.00 12/31/2018 $1,001,500.17 $ 1,916,208.04 $191,800.00 12/31/2019 $1,411,829.68 $ 2,132,678.07 $148,800.00 12/31/2020
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