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Complete this question by entering your answers in the tabs below. Determine the amount Stoll reports on its December 31 balance sheet for its long-term

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image text in transcribed Complete this question by entering your answers in the tabs below. Determine the amount Stoll reports on its December 31 balance sheet for its long-term investments in available-for-sale securities. Complete this question by entering your answers in the tabs below. Prepare joumal entries to record these transactions, including the December 31 adjusting entry to record the fair value adjustment for the long-term investments in available-for-sale securities. Journal entry worksheet Note: Enter debits befare credits. Complete this question by entering your answers in the tabs below. Prepare joumal entries to record these transactions, including the December 31 adjusting entry to record the fair value adjustment for the long-term investments in available-for-sale securities. Journal entry worksheet Note: Enter debits befare credits. Complete this question by entering your answers in the tabs below. Prepare joumal entries to record these transactions, including the December 31 adjusting entry to record the fair value adjustment for the long-term investments in available-for-sale securities. Journal entry worksheet Note: Enter debts befare credits. Problem 15-3A (Algo) Debt investments in available-for-sale securities; unrealized and realized gains and losses LO P3 [The following Information applles to the questlons displayed below.] Stoll Company's Iong-term avallable-for-sale portfolio at the start of this year consists of the following. Stoll enters Into the following transactions Involving its avallable-for-sale debt securities this year. January 29 Sold one-half of the Company B notes for $78,350. July 6 Purchased Company X bonds for $127,400. November 13 Purchased Company Z notes for $267,500. December 9 Sold all of the Company A bonds for $519,200. Fair values at December 31 are B, $80,900; C, $609,600;X,$120,000; and Z, $277,000. roblem 15-3A (Algo) Part 3 What amount of gains or losses on transactions relating to long-term Investments in available-for-sale debt securitles does Stoll port on its income statement for this year? Complete this question by entering your answers in the tabs below. Prepare joumal entries to record these transactions, including the December 31 adjusting entry to record the fair value adjustment for the long-term investments in available-for-sale securities. Journal entry worksheet Note: Enter debts befare credits. Required Information Problem 15-3A (Algo) Debt Investments in avallable-for-sale securitles; unrealized and realized gains and losses LO P3 [The following informotion opplies to the questions clisployed below.] Stoll Compony's long-term aveilable-for-sale portfolio at the stort of this year consists of the following. Stoll enters into the following tronsactions involving its avsilable-for-sale debt securities this yeor. January 29 sold one-half of the Conpany B notes for $78,350. July 6 Purchased Conpany X bonds for $127,480. Noverber 13 Purchased Company z notes for $267,580. December 9 sold all of the Company A bonds for $519,2 ee . Foir volues ot December 31 ore B,$80,900;C,$609,600;X,$120,000; and Z,$277,000. Problem 15-3A (Algo) Part 1 and 2 Required: 1. Prepare journsl entries to record these tronsactions, including the December 31 adjusting entry to record the fair volue odjustment for the long-term investments in svoilable-for-sole securities. 2 Determine the amount Stoll reports on its December 31 bolance sheet for its long-term investments in avoilable-for-sole securities. Complete this question by entering your answers in the tabs below. Prepare journal entries to record these transactions, including the December 31 adjusting entry to record the fair value adjustment for the long-term investments in available-for-sale securities. lournal entrv worksheet

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