Mead incorporated began operations in Year 1. Following is a senes of transoctions and events involving its long term debt investments in ayalable-for-5ale securities Year 1 Jatuary 20 Furchased Johrsen if Joknson bonds for 574,500 , rebruary o hirchased sony note1 for 159, ove. Junie 12 Rurchused Mottel bonds for sit, seo. Decenter 31 fair velues foe debt in the portfollo are Johnsen \& Johnsan, 126, , 300; 5omy, 549, 730; and Mattel, 554,55e. Yeor 2 April as sold all of the soheron 5 Johnsen bondt for 527,300. July s Sold all of the Matte1 bonds for 130,659 . Joly 22 Purchased sara tee notei for 316,700 . Aigut if Nurchased iodak bonats for 113,100 . Decenter i1. Faie values for debt in the portfoUo are kodak, 51e, 725; sara tee, 516, e00; and 50ry, 162,000 . Year3 Febeuary 23 Wurehated Ascrosoft bonds for 3161,200. Jine 21 sold all of the sony notes for 36,300 . June 8 Purchased elack a pecker bonde for 554,400 . Augit 3 sold all of the sara iee notes fon 513,350. nowriber 1 sold all of the Kadak boedi for 123,025 . Decteber 31 fatr valuen for debt it the partfoliai are Blach a Decker, 557, 600, and ricrocoft, 5159,409. Requirede 1. Prepare journal enties to record these transactions and the year-end fair value adystments to the portolio of long-term availabieforsale debt securities. Complete this question by entering your answers in then tabs below. Jore 30 Burchased black 4 Bexter Bondi for \$s4,409. deigust 3 Sold all of the saru lee notes for 113, iso. Bevceber 1 Solli all af the kidak bonds fae 323 , e?s. Required? cor.5ale debt recurities Conaplete this question by entering your answers in the tabs below. Prepare joumal entries to roctond these transactions and the year-end fair value adjostunents to the portiolio of long terim avallable-for sale debe iecuriben. 2une 10 Narchased n1ack \& Decker bonds for 554,400 . Augut 3 sold all of the Sare lee notes for 513,350 Wovember 1 sold all of the codak bonds for 523,025 . Required: 1. Prepare jotirnal entries to record these transactions and the yeariend fair Value adjustinents to the potfolio of long-term available: Or.sale debt secunties Complete this question by entering your answers in the tabs below. Frepare journal entriess te record these tranacbiogs and tho yoar-end fair value adjustments to the portfolio of long-term availabie-forsale debt securisies Journal ontru unikehnot Mupht 3 sold all of the sior a bet notes for $13,14. Required for-sale thetit securisict. Compiete this question by entering your an wwers in the tabs below. sale stebt necurities June 36 Purchased Black 5 Decker bonds for $54,400. August 3i sold all of the sora lee notes for 313,350 . Noveeber 1 sold all of the Kodak bonds for $23,075. December 31 Fair values for debt in the portfolio are Black B Decker, 557,600 ; and Microsoft, $159,460. Required: 1. Prepare journal entries to record these transactions and the year-end fair value adjustments to the portfolio of long-term available for-sale debt securities. Complete this question by entering your answers in the tabs below. Prepare journal entries to record these transactions and the year-end fair value adjustments to the portfollo of long-term available-forsale debt securities. Journal entry worksheet Fair values for debt in the portfolio are Johnson 8 Johnson, $26,300; Sony, $49,750; and Mattel, $54,550. Note: Enter debits before credits. Mead incorporated began operations in Year 1. Following is a senes of transoctions and events involving its long term debt investments in ayalable-for-5ale securities Year 1 Jatuary 20 Furchased Johrsen if Joknson bonds for 574,500 , rebruary o hirchased sony note1 for 159, ove. Junie 12 Rurchused Mottel bonds for sit, seo. Decenter 31 fair velues foe debt in the portfollo are Johnsen \& Johnsan, 126, , 300; 5omy, 549, 730; and Mattel, 554,55e. Yeor 2 April as sold all of the soheron 5 Johnsen bondt for 527,300. July s Sold all of the Matte1 bonds for 130,659 . Joly 22 Purchased sara tee notei for 316,700 . Aigut if Nurchased iodak bonats for 113,100 . Decenter i1. Faie values for debt in the portfoUo are kodak, 51e, 725; sara tee, 516, e00; and 50ry, 162,000 . Year3 Febeuary 23 Wurehated Ascrosoft bonds for 3161,200. Jine 21 sold all of the sony notes for 36,300 . June 8 Purchased elack a pecker bonde for 554,400 . Augit 3 sold all of the sara iee notes fon 513,350. nowriber 1 sold all of the Kadak boedi for 123,025 . Decteber 31 fatr valuen for debt it the partfoliai are Blach a Decker, 557, 600, and ricrocoft, 5159,409. Requirede 1. Prepare journal enties to record these transactions and the year-end fair value adystments to the portolio of long-term availabieforsale debt securities. Complete this question by entering your answers in then tabs below. Jore 30 Burchased black 4 Bexter Bondi for \$s4,409. deigust 3 Sold all of the saru lee notes for 113, iso. Bevceber 1 Solli all af the kidak bonds fae 323 , e?s. Required? cor.5ale debt recurities Conaplete this question by entering your answers in the tabs below. Prepare joumal entries to roctond these transactions and the year-end fair value adjostunents to the portiolio of long terim avallable-for sale debe iecuriben. 2une 10 Narchased n1ack \& Decker bonds for 554,400 . Augut 3 sold all of the Sare lee notes for 513,350 Wovember 1 sold all of the codak bonds for 523,025 . Required: 1. Prepare jotirnal entries to record these transactions and the yeariend fair Value adjustinents to the potfolio of long-term available: Or.sale debt secunties Complete this question by entering your answers in the tabs below. Frepare journal entriess te record these tranacbiogs and tho yoar-end fair value adjustments to the portfolio of long-term availabie-forsale debt securisies Journal ontru unikehnot Mupht 3 sold all of the sior a bet notes for $13,14. Required for-sale thetit securisict. Compiete this question by entering your an wwers in the tabs below. sale stebt necurities June 36 Purchased Black 5 Decker bonds for $54,400. August 3i sold all of the sora lee notes for 313,350 . Noveeber 1 sold all of the Kodak bonds for $23,075. December 31 Fair values for debt in the portfolio are Black B Decker, 557,600 ; and Microsoft, $159,460. Required: 1. Prepare journal entries to record these transactions and the year-end fair value adjustments to the portfolio of long-term available for-sale debt securities. Complete this question by entering your answers in the tabs below. Prepare journal entries to record these transactions and the year-end fair value adjustments to the portfollo of long-term available-forsale debt securities. Journal entry worksheet Fair values for debt in the portfolio are Johnson 8 Johnson, $26,300; Sony, $49,750; and Mattel, $54,550. Note: Enter debits before credits