+ Chapter 17 Investments Question 9 of 10

Chapter 17 Investments Question 9 of 10 The following information is available for Ayayai at 31, 2022, regarding its Securities 2,500 ordinary shares of Petty Company BOO preference Shares Of Dowe lnc_ E 43,400 22,500 E 65,900 Fair Value E 52,900 19,600 E 72,500 (a) Prepare the adjusting entry (if any) for 2022, assuming the investments are classified as trading. (Credit account title5 are oulomolicol'v indented when omounl is entered _ Do not indent manually. If no entry is required, select "No Entry for the account titres and enter O tor the amounts.) Account Titles and Explanation Debit (b) Prepare the adjusting entry (if any) for 2022 assuming the investments are classified as non-trading. (Credit account titres are automaticol'v indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titres and enter O for the amounts. J Account Titles and Explanation Debit Chapter 17 Investments Question 9 of 10 The following information is available for Ayayai at 31, 2022, regarding its Securities 2,500 ordinary shares of Petty Company BOO preference Shares Of Dowe lnc_ E 43,400 22,500 E 65,900 Fair Value E 52,900 19,600 E 72,500 (a) Prepare the adjusting entry (if any) for 2022, assuming the investments are classified as trading. (Credit account title5 are oulomolicol'v indented when omounl is entered _ Do not indent manually. If no entry is required, select "No Entry for the account titres and enter O tor the amounts.) Account Titles and Explanation Debit (b) Prepare the adjusting entry (if any) for 2022 assuming the investments are classified as non-trading. (Credit account titres are automaticol'v indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titres and enter O for the amounts. J Account Titles and Explanation Debit