For several years Fister Links Products has held Microsoft bonds, considered by the company to be securities available-for-sale. The bonds were acquired at a cost of $520,000. At the end of 2018, their fair value was $634,000 and their amortized cost was $530,000. At the end of 2019, their fair value was $625,000 and their amortized cost was $540,000. At what amount will the investment be reported in the December 31, 2019, balance sheet? What adjusting entry is required to accomplish this objective (ignore interest)?

Journal entry worksheet

• Record the adjusting entry to report the correct amount on this year's balance sheet.

Note: Enter debits before credits.

Date	General Journal	Debit	Credit
December 31, 2019