Marcellus Co.'s long-term available-for-sale portfolio at the start of this year consists of the following. Fair Value $ 671,650 204,750 887,530 Available-for-Sale Securities Company A bonds Company B notes Company C bonds Marcellus enters into the following transactions involving its available-for-sale debt securities this year. January 29 Sold one-half of the notes of Company B for $103,740. July 6 Purchased bonds of Company X for $130,800. November 13 Purchased notes of Company Z for $292,300. December 9 Sold all of the bonds of Company A for $747,083. Fair values at December 31 are: B, $106,700; C,$792,000; X, $123,000; and Z, $303,000. Requirement Cost $ 762,330 209,300 791,050 General Journal General Ledger Trial Balance Fair Value Adjustment Transaction Analysis General Journal tab - Prepare the required journal entries for each of the transactions of Stoll Company for the current year. Prepare the adjustment to fair value for the available-for-sale portfolio. General Ledger and Trial Balance tabs -The cost of each of the available-for-sale securities can be found on the General Ledger and/or Trial balance tabs. Fair Value Adjustment tab - Calculate the total cost and total fair value of the available-for-sale portfolio, and then use the 3-step adjusting entry process to calculate the amount of the year-end adjustment to fair value. Transaction Analysis tab - For each transaction, indicate the total impact on assets and equity. If equity changed, indicate whether the change was a component of income or a direct component of stockholders' equity. Financial Statement Impact tab - Prove the accuracy of the totals on the Transaction Analysis tab by selecting the account titles that report the total change in income and equity.

Marcellus Co.'s long-term available-for-sale portfolio at the start of this year consists of the following. Marcellus enters into the following transactions involving its available-for-sale debt securities this year. January 29 Sold one-half of the notes of Company 8 for $103,740. July 6 Purchased bonds of Company X for $130,800. November 13 Purchased notes of Company z for $292,300. December 9 Sold all of the bonds of Company A for $747,083. Fair values at December 31 are: B,$106,700;C,$792,000;X,$123,000; and Z,$303,000. General Journal tab - Prepare the required journal entries for each of the transactions of Stoll Company for the current year. Prepare the adjustment to fair value for the avallable-for-sale portfolio. General Ledger and Trial Balance tabs -The cost of each of the available-for-sale securities can be found on the General Ledger and/or Trial balance tabs. Fair Value Adjustment tab - Calculate the total cost and total fair value of the avallable-for-sale portfolio, and then use the 3-step adjusting entry process to calculate the amount of the year-end adjustment to fair value. Transaction Analysis tab - For each transaction, Indicate the total impact on assets and equity. If equity changed, Indicate whether the change was a component of income or a direct component of stockholders' equity. Financlal Statement Impact tab - Prove the accuracy of the totals on the Transaction Analysis tab by selecting the account titles that report the total change in income and equity