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Bonita Company has the following securities in its investment portfolio on December 31, 2020 (all securities were purchased in 2020): (1) 3,000 shares of Anderson

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Bonita Company has the following securities in its investment portfolio on December 31, 2020 (all securities were purchased in 2020): (1) 3,000 shares of Anderson Co.common stock which cost $54,000,(2) 10,700 shares of Munter Ltd. common stock which cost $620,600, and (3) 6,400 shares of King Company preferred stock which cost $268,800. The Fair Value Adjustment account shows a credit of $10,200 at the end of 2020. In 2021, Bonita completed the following securities transactions. 1. On January 15, sold 3,000 shares of Anderson's common stock at $22 per share less fees of $1,990. 2. On April 17, purchased 1,000 shares of Castle's common stock at $35 per share plus fees of $1,980. On December 31, 2021, the market prices per share of these securities were Munter $61, King $40, and Castle $23. In addition, the accounting supervisor of Bonita told you that, even though all these securities have readily determinable fair values, Bonita will not actively trade these securities because the top management intends to hold them for more than one year. Prepare the entry for the security sale on January 15, 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Debit Credit Date Account Titles and Explanation Jan. 15, 2021 e Textbook and Media List of Accounts Prepare the journal entry to record the security purchase on April 17, 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Debit Credit Date Account Titles and Explanation Apr. 17, 2021 eTextbook and Media List of Accounts Compute the unrealized gains or losses. Unrealized $ Prepare the adjusting entry for Bonita on December 31, 2021. (Credit account titles are automatically indented when amount is entered Do not indent manually. If no entrvis reauired select "No Entrs" for the account titles and enter for the amounts) Debit Credit Date Account Titles and Explanation Dec 31, 2021

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