BrambleCorporation has the following securities in its portfolio of investmentsthat are held for tradingon December 31, 2021,Bramble's year end(all investments are included in one account Investments at FVTPL):

InvestmentsCarrying Amount

(before adjustment)Fair Value1,500 shares of David Jones Inc., common$73,500$68,1805,000 shares of Heam Corp., common180,000174,240400 shares of Alessandro Inc., preferred60,00061,510$313,500$303,930

During 2022,Bramblecompleted the following transactions:

Mar. 1Sold the 1,500 shares of David Jones Inc. common at $42.00per share.Apr. 1Bought 700 shares of Oberto Ltd. common at $75.00per share

BrambleCorporation's portfolio ofheld for tradinginvestments appeared as follows on December 31, 2022:

InvestmentsCarrying

AmountFair Value5,000 shares of Heam Corp., common$174,240$175,000700 shares of Oberto Ltd., common52,50050,400400 shares of Alessandro Inc., preferred61,51057,000$288,250$282,400

Prepare theBrambleCorporation general journal entry for the December 31, 2021, adjusting entry.(Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Date

Account Titles and Explanation

Debit

Credit

Dec. 31, 2021

Interest Revenue

Investment Income or Loss

Investment in Associate

Gain on Fair Value Adjustment - FVTPL

Loss on Sale of Investment in Associate

Investments at FVTPL

Cash

Investments at FVTPL

Interest Revenue

Cash

Gain on Fair Value Adjustment - FVTPL

Loss on Sale of Investment in Associate

Investment Income or Loss

Investment in Associate

Prepare theBrambleCorporation general journal entry for the sale of the David Jones Inc. shares.(Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Date

Account Titles and Explanation

Debit

Credit

Mar. 1, 2022

Short-Term Investments at FVTPL-Bonds

Cash

Investment Income or Loss

Interest Revenue

Gain on Fair Value Adjustment - FVTPL

Investments at FVTPL

Loss on Sale of Investment in Associate

Investment in Associate

Loss on Sale of Investment in Associate

Interest Revenue

Investments at FVTPL

Investment in Associate

Short-Term Investments at FVTPL-Bonds

Cash

Gain on Fair Value Adjustment - FVTPL

Investment Income or Loss

Short-Term Investments at FVTPL-Bonds

Interest Revenue

Cash

Investment Income or Loss

Investments at FVTPL

Investment in Associate

Gain on Fair Value Adjustment - FVTPL

Loss on Sale of Investment in Associate

Prepare theBrambleCorporation general journal entry for the purchase of the Oberto Ltd. shares.(Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Date

Account Titles and Explanation

Debit

Credit

Apr. 1, 2022

Investment in Associate

Interest Revenue

Loss on Sale of Investment in Associate

Investment Income or Loss

Investments at FVTPL

Cash

Gain on Fair Value Adjustment - FVTPL

Investment Income or Loss

Cash

Interest Revenue

Gain on Fair Value Adjustment - FVTPL

Investment in Associate

Loss on Sale of Investment in Associate

Investments at FVTPL