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Journal entries for available for sale securities M. Jones Inc. purchased the following available for sale securities during 2015, its first year of operations: Issuing
Journal entries for available for sale securities M. Jones Inc. purchased the following available for sale securities during 2015, its first year of operations: Issuing Company Cost Arden Enterprises Inc. $150,000 French Broad Industries Inc. 66,000 Pisgah Construction Inc. 104,000 Total $320,000 The fair value of the various available-for-sale securities on December 31, 2045, was as follows: Issuing Company Arden Enterprises Inc. French Broad Industries Inc. Pisgah Construction Inc. Fair Value Dec 31, 2015 $170,000 71,500 96,000 5337,500 a. Journalize the adjusting entry for the fair value of the portfolio of securities on December 31, 2015. If no ent is required, selecteerdry required and let them blank. If an amount box does not require an entry leave it blank 20Y5 Dec. 31 b. If the fair value of the portfolio of securities were the same on December 31, 2015, what would be the journal entry at the portfolio of waterega select "no entry required and leave the amount bow bank. If an amount box does not require an entry leavestila Check My Work All work saved b. If the fair value of the portfolio of securities were the same on December 31, 2016, what would be the journal entry to adjust the portfolio to value the entry is required, select "no entry required and leave the amount box blank. If an amount box does not require an entry, leave it blank 2016 Dec. 31 c. If the fair value of the portfolio of securities was $340,000 on December 31, 2045, what would be the journal entry to adjust the portfolio of value of entry select "no entry required" and leave the amount box blank. If an amount box does not require an entry, leave it blank 2016 Dec 31 d. If the fair value of the portfolio of securities was $330,000 on December 31, 2016, what would be the journal entry to adjust the portfolio to farvefony is required select the entry required and leave the amount box blank. If an amount box does not require an entry, leave it bank 2016 Dec 31
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