jornal entry 1,2 and 3

Prepare Tiker Company's journal entries to record the following transactions and the adjusting entry to record the fair value of the stock investments portfolio. This is the first and only time the company purchased such securities May 9 Purchases 210 shares of ligo stock as a short-term investment at a cost of $26 per share. Tiker has insignificant influence over Higo. June 2 sells 25 shares of its investment in Higostock (5650 cost) at $29 per share. December 31 The closing market prico (fair value) of the Higo stock is $24 per share. View transaction list Journal entry worksheet Purchases 210 shares of Higo stock as a short-term Investment at a cost of $26 per share. Tiker has insignificant influence over Higo. Note: Enter debits before credits Dato May 09 General Journal Credit Stock Investments Cash Debit 5,4601 5,460