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Kitty Company began operations In 2016 and maintains short-term Investments In trading securities. The year-end cost and falr values for its portfollo of these Investments
Kitty Company began operations In 2016 and maintains short-term Investments In trading securities. The year-end cost and falr values for its portfollo of these Investments follow. Fair Value Portfolio of Trading Securities December 31, 2816 December 31, 2817 December 31, 2818 December 31, 2819 $ 83 65 83 182 $ 58 92 115 78 Prepare journal entries to record each December 31 year-end falr value adjustment for these above securities. View transaction list Journal entry worksheet 4 Record the year-end adjustment to fair value, if any. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31, 2016 Record entry Clear entry View general jourmal Journal entry worksheet Record the year-end adjustment to fair value, if any. Note: Enter debits before credits Date General Journal Debit Credit Dec 31, 2017 Record entry Clear entry View general jourmal Journal entry worksheet Record the year-end adjustment to fair value, if any. Note: Enter debits before credits Date General Journal Debit Credit Dec 31, 2018 Record entry Clear entry View general jourmal Journal entry worksheet 4 Record the year-end adjustment to fair value, if any. Note: Enter debits before credits Date General Journal Debit Credit Dec 31. 2019 Record entry Clear entry View general jourmal
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