CALCULATOR FULL SCREEN PRINTER VERSION Exercise 17-11 (Part Level Submission) Bridgeport Corporation made the following cash purchases of securities during 2020, which is the first year in which Bridgeport invested in securities. 1. 2. 3. On January 15, purchased 12,200 shares of Sanchez Company's common stock at $33.50 per share plus commission $2,424 On April 1, purchased 6,100 shares of Vicario Co's common stock at $52 per share plus commission $4,103. On September 10, purchased 8,540 shares of WTA Co.'s preferred stock at $26.50 per share plus commission $5.986. On May 20, 2020, Bridgeport sold 4,636 shares of Sanchez Company's common stock at a market price of $35 per share less brokerage commissions, taxes, and fees of $4,697. The year end fair values per share were Sanchez $30, Vicario $55, and WTA $28. In addition, the chief accountant of Bridgeport told you that the corporation plans to hold these securities for the long-term but may sell them in order to earn profits from appreciation in prices. The equity method of accounting is not appropriate for these stock purchases. Your answer is correct. Prepare the journal entries to record the above three security purchases(Round answers to decimal places, g. 2,500. Credit account tities are automatically indented entered. Do not indent manually. If no entry is required, select "No Entry" for the account ities and enter for the amounts.) Debit Credit No. Date Account Titles and Explanation 411124 Assignment Gradebook ORION Downloadable eTextbook Ent CALCULATOR FULL SCREEN PRINTE Your answer is partially correct. Try again. Compute the unrealized gains or losses. (Round answer to o decimal places, e.g. 2,500.) Unrealized Prepare the adjusting entries for Bridgeport on December 31, 2020. (Round answers to o decimal places, e.g. 2,500. Credit account tities are automatically inc entered. Do not Indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Account Titles and Explanation Debit Date Dec. 31, 2020 Unrealized Holding Gain or Fair Value Adjustment SHOW LIST OF ACCOUNTS