fair value journal entries, available-for-sale investments. the investments of. steellers inc. include a single investment:33,100 shares of Bengals inc. common stock purchased on september 12, year 1,13 per share including brokerage commision.

these shares were classified as available-for-sale securities. as of december 31, year 1 balance sheet date, the share price declined to $11 per share. journalize the entries to acquire the investment on september 12 and record the adjustment to fair value on decemeber 31, year 1.