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I need help solving a fair value jornal entries, available for sale investments assignment. I attached all needed information. Fair Value Journal Entries, Available-for-Sale Investments

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I need help solving a "fair value jornal entries, available for sale investments" assignment.
I attached all needed information.
image text in transcribed
Fair Value Journal Entries, Available-for-Sale Investments The investments of Steelers Inc. include a single investment: 14,500 shares of Bengals Inc. common stock purchased on September 12, 2017, for $12 per share including brokerage commission. These shares were classified as available-for-sale securities. As of the December 31, 2017, balance sheet date, the share price declined to $10 per share. a. Journalize the entries to acquire the investment on September 12, and record the adjustment to fair value on December 31, 2017. 2017 Sept. 12 2017 Dec. 31 K b. How is the unrealized gain or loss for available-for-sale investments disclosed on the financial statements? Unrealized Gain (Loss) on Available for Sale Investments is reported in the i of the

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