List of Accounts

• Accumulated Other Comprehensive Loss
• Allowance for Doubtful Accounts
• Allowance to Reduce Inventory to Market
• Bad Debt Expense
• Bonds Payable
• Cash
• Call Option
• Common Stock
• Cost of Goods Sold
• Debt Investments
• Dividend Revenue
• Dividend Receivable
• Equity Investments
• Fair Value Adjustment
• Futures Contract
• Gain on Sale of Investments
• Gain on Settlement of Call Option
• Gain on Settlement of Put Option
• Interest Expense
• Interest Receivable
• Interest Revenue
• Inventory
• Investment Income
• Loss on Impairment
• Loss on Sale of Investments
• Loss on Settlement of Call Option
• Loss on Settlement of Put Option
• No Entry
• Notes Payable
• Paid-in Capital in Excess of Par - Common Stock
• Put Option
• Recovery of Loss from Impairment
• Retained Earnings
• Revenue from Investment
• Sales Revenue
• Swap Contract
• Unrealized Holding Gain or Loss - Equity
• Unrealized Holding Gain or Loss - Income

At December 31, 2020, the available-for-sale debt portfolio for Ivanhoe, Inc. is as follows. Security A $15,750 14,700 26,775 $57,225 Previous fair value adjustment balance-Dr. Fair value adjustment-Dr. (a) B C Cost $18,375 13,125 24,150 $55,650 Total Fair Value Unrealized Gain (Loss) eTextbook and Media $(2,625 ) 1,575 2,625 1,575 420 On January 20, 2021, Ivanhoe, Inc. sold security A for $15,855. The sale proceeds are net of brokerage fees. $1,155 Prepare the adjusting entry at December 31, 2020, to report the portfolio at fair value. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Account Titles and Explanation Debit Credit Show the balance sheet presentation of the investment-related accounts at December 31, 2020. (Do not leave any answer field blank. Enter o for amounts.) eTextbook and Media List of Accounts Save for Later IVANHOE, INC Balance Sheet $ $ Attempts: 0 of 5 used Submit Answer .(c) Prepare the journal entry for the 2021 sale of security A. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Jan. 20, 2021 eTextbook and Media List of Accounts Save for Later Debit Attempts: 0 of 5 used Credit Submit