HelR I System Announcements CALCULATOR PRINTER VERSION BACK NEX Problem 16-02A a-d (Part Level Submission) (Video) In January 2020, the management of Blossom Company concludes that it has sufficient cash to permit some short-term investments in debt and stock securities. During the year, the following transactions occurred. Feb. 1 Purchased 700 shares of Muninger common stock for $38,500. Mar. 1 Purchased 900 shares of Tatman common stock for $22,500. Apr. 1 Purchased 30 $1,070, 7% Yoakem bonds for $32,100. Interest is payable semiannually on April 1 and October 1. July 1 Received a cash dividend of $0.60 per share on the Muninger common stock. Sold 233 shares of Muninger common stock at $60 per share. Aug. 1 Received a $2 per share cash dividend on the Tatman common stock. Sept. 1 Oct. 1 Received the semiannual interest on the Yoakem bonds. Sold the Yoakem bonds for $31,100. Oct. 1 At December 31, the fair value of the Muninger common stock was $56 per share. The fair value of the Tatman common stock was $24 per share. Your answer is correct. Dournalize the transactions and post to the accounts Debt Investments and Stock Investments. (Use the T-account form.) (Record journal entries in the order presented in the problem. Credit account titles are automatically Indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter o for the amounts.) Credit Debit Account Titles and Explanation Date 38,500 Feb. 1 Stock Investments 38,500 Cash 22,500 Mar. 1 Stock Investments 500 22, CALCULATOR PRINTER VERSTON BACK By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor Attempts: 3 of 3 used Your answer is partialy correct. Try again. Prepare the adjusting entry at December 31, 2020, to report the investment securities at fair value. All securities are considered to be trading securities. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31 Unrealized Gain or Loss-Income 1800 1800 Fair Value Adjustment-Trading SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor Attempts: 1 of 3 used SAVE FOR LATER SUBMIT ANSWER The parts of this question must be completed in order. This part will be available when you complete the part above