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M. Jones Inc. purchased the following available-for-sale securities during 20Y5, its first yea of operations: The fair value of the various available-for-sale securities on December

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M. Jones Inc. purchased the following available-for-sale securities during 20Y5, its first yea of operations: The fair value of the various available-for-sale securities on December 31,20 Y5, was as follows: a. Journalize the adjusting entry for the fair value of the portfolio of securities on December 31, 20Y5. If no 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. b. If the fair value of the portfolio of securities were the same on December 31,20Y6, what would be the journal entry to adjust the portfolio to fair value? If no 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. c. If the fair value of the portfolio of securities was $340,000 on December 31,20Y6, what would be the journal entry to adjust the portfolio to fair value? If no 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. 20Y6 Dec. 31 d. If the fair value of the portfolio of securities was $330,000 on December 31,20Y6, what would be the journal entry to adjust the portfolio to fair value? If no 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

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