Kirkland Compary had no trading debt securities prior to this yeac it had the following transactions this year involving trading debt secuntens August 2 Purctused Veriton bonds for $16,000. Septreber 7 purchased apple boeds for 541,009. septeberer 12 Furchased Mastercard bonds for 526,000. october 21 Sold scee of its Verjton bond that had cont 52,300 for 52,400cosh. october 2 sold sone of its Apple bonds that had cost $21, e90 for $21,400 cash. Noveaber 1 Purchased Watmart bonds for 546,000 . Decenter to sold all of its Mastercard bonds for $24,600 cash. Required: 1. Prepare joumal entries to record these transactions 2. Prepare a table to compare the yearend cost and fair values of its trading debt securities. Year-end fair volues: Verizon, $14,500 : Apple, $25,000 and Walmart $42,000 3. Prepare the adjusting entry to record the year -end fair value adjustment for the portfolio of trading debt securities. Complete this question by entering your answers in the tabs below. Prepare journat entries to record these transactions. Required: 1. Prepare journal entries to record these transactions 2. Prepare a table to compare the yearend cost and fair values of its trading debt securties. Year-end fair values: Verizon, 514.500 : Apple, 525,000 , and Walmart 542,000 . 3. Prepare the adjusting entry to record the yeacend fair value adjustment for the portfolio ot frading debt securities: Complete this question by entering vour answers in the tabs below. Prepare fournal entries to record these transactions. 1. Prepare journal entries to record these transactions 2. Prepare a table to compare the year-end cost and fair values of its trading debt securities. Year-end fair values: Verizon, $14,500 : Apple, $25,000, and Walmart, $42,000 3. Prepare the adjusting entry to recond the yeat-end fair value adjustment for the portfolio of trading debt securities. Complete this question by entering your answers in the tabs below. Prepare joumnal entries to recond these transactions. Tnurnal antru warkehant 2. Prepare a table to compare the year-end cost and fair values of its trading debt secunties. Year-end fair values: Verizon, $14,500 : 1. Prepare journal enties to record these transactions Apple, 525,000 , and Walmart, 542,000 3. Prepare the adjusting eritry to record the yeat-end fair value adjustment for the portfollo of trading debt securities. Complete this question by entering your answers in the tabs below. Prepare fournat entries to record thele transactions. Inurnal ontnu whrkchant Required: 2. Prepare a table to compare the year-end cost and fair values of its trading debt secunties, Year-end fair values: Verizon, $14.500. 1. Prepare journal entries to record these transoctions 3. Prepare the adfusting entry to record the year-end fair value adjustment for the portfolio of trading debt securities. Apple, $25,000, and Walmart, 542.000 Complete this question by entering your answers in the tabs below. Prepare joutsal entries to record these transactions. Journal entry worksheet Wate treter datti lelorn ceade. Required: 2. Prepare a table to compare the year-end cost and far values of its trading debt securities, Year-end fair values: Verizon, $14,500 : 1. Prepare joumal entries to record these transactions Apple. 525,000 , and Waimart, 542000 3. Prepare the adjusting entry to record the year-end fair value adjustment for the portfolio of trading debt securities. Complete this question by entering your answers in the tabs below. Prepare foumal entries to record these transactions. Journal entry worksheet
