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How would I fix this problem? Red are wrong M. Jones Inc. purchased the following available-for-sale securities during 20Y5, its first year of operations: The
How would I fix this problem?
M. Jones Inc. purchased the following available-for-sale securities during 20Y5, its first year of operations: The fair value of the various available-for-sale securities on December 31,20Y5, was as follows: Required: a. Joumalize the adjusting entry for the fair value of the portfolio of securities on December 33,20Y5. b. If the far vatue of the portfolio of secunties were the same on December 31,20 y 6 , what wouid be the joumal entry to adjust the porttolio to fair value?" c: If the fair value of the poritodio of secuntes was 5333,200 on December 31,20y6, what wouid be the joutnat entry to adjust the portfolio to fair value?* d. If the fair valve of the portfolio of secuntes was $324,100 on December 31,20 . 6 what would be the poumal entry to adjust the portfolio to fair value?* "Refer to the charf of accounts for the exact wording of the account fities. CNOW jouthais do not use unes for journal explanations Every line on a journal page is used for debit or credit entries. GNOW joumars win automaficany indentarered tentry when a credit amount is entered if no entry is required, simply skip to the next iransaction Red are wrong
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