adjustments entry for dec 31 2020

7.68/8 View Policies Show Attempt History Current Attempt in Progress Marigold Corporation made the following purchases of investments during 2020, the first year in which Marigold invested in equity securities: 1. On January 15, purchased 8,190 shares of Nirmala Corp's common shares at $30.50 per share plus commission of $1,803 2. On April 1. purchased 4,550 shares of Oxana Corp's common shares at $47 per share plus commission of $3,067 3. On September 10, purchased 6,370 shares of WTA Corp's preferred shares at $24.10 per share plus commission of $2.648. On May 20, 2020, Marigold sold 2.730 of the Nirmala common shares at a market price of $32 per share less brokerage commissions of $2.594. The year-end fair values per share were as follows: Nirmala $27. Oxana $50, and WTA $25. The chief accountant of Marigold tells you that Marigold Corporation holds these investments with the intention of selling them in order to earn short-term profits from appreciation in their prices and accounts for them using the FV-Nl model. Assume that Marigold Corporation follows IFRS 9. Your answer is correct. JLI UI, LU2U.Lieut account titles are automatically indented when the amount is entered. Do no no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Dec. 31 FV-Nl Investments Debit Credit Investment Income or Loss e Textbook and Media List of Accounts