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Hi Can you help me to solve this errors, please? Thanks Exercise 16-10 (Part Level Submission) At December 31, 2017, the trading investments for Marin
Hi
Can you help me to solve this errors, please?
Thanks
Exercise 16-10 (Part Level Submission) At December 31, 2017, the trading investments for Marin Inc., are as follows: Co. A common shares FVTPL $19,000 $16,600 Co. B preferred shares FVTPL 13,000 14,500 Co. C common shares FVTOCI 24,000 19,800 Totals $56,000 $50,900 V (3) Your answer is partially correct. Try again. Prepare the adjusting entry required at December 31 to report the above investments at fair value. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit I x Dec-31 Lessonm : :l J x oermsson : @l Short-Tenn Investments at FVTOCIEquity '_ 1000 l LongTerm Investments at FVTOCIEquity l\" Exercise 16-10 (Part Level Submission) At December 31, 2017, the trading investments for Marin Inc., are as follows: Co. A common shares FVTPL $19,000 $16,600 Co. B preferred shares FVTPL 13,000 14,500 Co. C common shares FVTOCI 24,000 19,800 Totals $56,000 $50,900 V (3) Your answer is partially correct. Try again. Prepare the adjusting entry required at December 31 to report the above investments at fair value. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit I x Dec-31 Lessonm : :l J x oermsson : @l Short-Tenn Investments at FVTOCIEquity '_ 1000 l LongTerm Investments at FVTOCIEquity l\" Solution Date Dec. 31 Account Titles & Explanation Loss on fair value adjustment-FVTPL OCI-Loss on fair value adjustment Short term investment at FVTOCI-Equity Unrealized loss on trading securities Debit 2400 5100 Credit 4200 3300 Ce. A cummen shar F'U'TPL $15,:I $15,5im Cu. B preferred shares F'H'TPL 13, 14,5i1 Ce. L': enmmun shares FilTOL'ZI 24,110!) 19,50:- Te-tals $56,0 $50,510:- ? {I} Your answer is partially correct. Try again. Prepare the adjustlng entry required at December 31 to report the abeye inyeetrnents at falr yalue. {Cree when the amount l5 entered. Du net lnclent manually. If no entwIr ls requlred, select "He Entry" amounts.) Date Aeneunt 11112: and Explanation Debit .- = . DE 31 Les-5 en Felr yelue AdjushnentM'PL e 24m] 1* L I . ElmLess on Fair 1ul'alue Adjustment 1. 51m]Step by Step Solution
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