Exercise C-8 Fair value adjustment to stock investments with insignificant influence LO P4 On December 31, Mars Co. had the following portfolio of stock Investments with insignificant Influence. Mars had no stock investments in prior periods -24 Stock Investments Apple stock Chipotle stock Under Armour stock Cost $ 5,700 3,300 12,900 Fair Value $ 9,300 1,600 13,700 Prepare the December 31 adjusting entry to report these investments at fair value View traronction list 0 terve Journal entry worksheet Record the year-end adjustment to fair value, if any. Note Edebits before credits Date Dec 31 Credit General Journal Fair value adjustment - Stock Unrealized gain -Income Debt 3500 800 1.000 2,500 Gew MI MacBook Pro 80 F3 # A 2 3 % 5 & . 4 CO 6 7 8 W E R T Y U S 1 Record the year-end adjustment to fair value, if any. Debt investments - HTM Debt Investments - Trading Note: Enter det Dividend revenue Date Earnings from equity method investments Dec. 31 Equity method investments Fair value adiustment - AFS Debit Credit 3,600 800 1,900 2.500 Record entry Clear entry View general Journal MacBook Pro F 12 20 F 14 65 DH @ # 2 A 3 4 & o de 6 7 8 W E R T Y U 1 S D F GP G t t . 1 Record the year-end adjustment to fair value, if any, Fair value adjustment - Stock Fair value adjustment - Trading Note: Enter det Gain on sale of debt investments Date Gain on sale of stock investments Dec. 31 Interest receivable Credit Debit 3,600 800 1.900 2,500 Record entry Clear entry View general journal MacBook Pro F1 DOG odo : og a DI FE 2 # 3 A 4 % 5 6 & 7 8 W E R. T T Y U MacBook Pro F2 20 009 DO TE > 2 3 4 % 5 & 6 6 7 8 W E R T Y U 2 Journal entry worksheet MacBook Pro SSS 3 $ FB 2 % A 3 4 & 5 6 02 7 8 W E R T T Y U