Bakers Farm Company purchased bonds at face amount as a trading security investment in early 2019.

The company is now ready to sell the bond investment on June 20, 2020.

Search X AutoSave . Off) Spreadsheet_assignment_11 - Protected View 8 File Home Insert Draw Page Layout Formulas Data Review View Help Share Comments PROTECTED VIEW Be careful-files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View. Enable Editing X 116 X fx B D E F G H K M N P Q R S A N Spreadsheet 11 - Investment in bonds/trading securities Bakers Farm Company purchased bonds at face amount as a trading security investment in early 2019. The company is now ready to sell the bond investment on June 20, 2020. Available accounts: Facts: Fair Value Adjustment Cost and face amount of the investment $57,200 Gain on Investments (unrealized, NI) Fair value on December 31, 2019 55,900 10 Gain on Investments (unrealized, OCI) Fair value on June 20, 2020 61,600 11 Gain on Investments 12 Loss on Investments (unrealized, NI) 13 Loss on Investments (unrealized, OCI) 14 Loss on Investments 15 16 Journalize the transaction to adjust the bond investment to fair value on June 20, 2020, 17 just before the transaction for the sale is recorded. Use only cell references and formulas 18 in the Account, Debit, and Credit columns. All formulas should work for not only the 19 amounts given, but also if any/all of the amounts provided were different. 20 21 Date Account Debit Credit 22 6/20 23 24 25 26 27 What is the balance in the Fair Value Adjustment account after the 6/20 journal entry above? 28 Also, select Debit or Credit from the dropdown to indicate the type of balance it has. 29 30 $ Enter Debit or Credit 31 32 SS11 + + 98% 8:57 PM Type here to search E 4/13/2021