No journal entry required Accounts payable Accounts receivable Accumulated depreciationBuilding Accumulated depreciationEquipment Amortization expense Bonds payable Brokerage fee expense Building Cash Common stock, $10 par value Cost of goods sold Debt investments Available for sale Debt investments Held to maturity Debt investments Trading Depreciation expenseBuilding Depreciation expenseEquipment Discount on bonds payable Dividend revenue Earnings from equity method investments Equipment Equity method investments Fair value adjustment Available for sale Fair value adjustment Stock Fair value adjustment Trading Gain on retirement of bonds payable Gain on sale of debt investments Gain on sale of stock investments Income summary Interest expense Interest payable Interest receivable Interest revenue Inventory Land Loss on retirement of bonds payable Loss on sale of debt investments Loss on sale of stock investments Notes payable Paid in capital in excess of par value, common stock Paid in capital in excess of par value, preferred stock Paid in capital, treasury stock Preferred stock, $100 par value Premium on bonds payable Rental expense Rental revenue Retained earnings Salaries expense Sales Sales discounts Sales returns and allowances Stock investments Supplies Supplies expense Treasury stock Unrealized gain Equity Unrealized gain Income Unrealized loss Equity Unrealized loss Income Journal entry worksheet 1 The closing market price (fair value) of the Higo stock is $36 per share Record the year end adjustment to fair value, if any Note Enter debits before credits Journal entry worksheet Sells 90 shares of its investment in Higo stock ($3,420 cost) at $41 per share Note Enter debits before credits Prepare Tiker Company's journal entries to record the following transactions and the adjusting entry to record the fair value of the stock investments portfolio This is the first and only time the company purchased such securities May 9 Purchases 330 shares of Higo stock as a short term investment at a cost of $38 per share Tiker has insignificant influence over Higo June 2 Sells 90 shares of its investment in Higo stock ($3,420 cost) at $41 per share December 31 The closing market price (fair value) of the Higo stock is $36 per share Journal entry worksheet Purchases 330 shares of Higo stock as a short term investment at a cost of $38 per share Tiker has insignificant influence over Higo Note Enter debits before credits

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No journal entry required Accounts payable Accounts receivable Accumulated depreciationBuilding Accumulated depreciationEquipment Amortization expense Bonds payable Brokerage fee expense Building Cash Common stock, $10 par

No journal entry required
Accounts payable
Accounts receivable
Accumulated depreciationBuilding
Accumulated depreciationEquipment
Amortization expense
Bonds payable
Brokerage fee expense
Building
Cash
Common stock, $10 par value
Cost of goods sold
Debt investments - Available-for-sale
Debt investments - Held-to-maturity
Debt investments - Trading
Depreciation expenseBuilding
Depreciation expenseEquipment
Discount on bonds payable
Dividend revenue
Earnings from equity method investments
Equipment
Equity method investments
Fair value adjustment - Available-for-sale
Fair value adjustment - Stock
Fair value adjustment - Trading
Gain on retirement of bonds payable
Gain on sale of debt investments
Gain on sale of stock investments
Income summary
Interest expense
Interest payable
Interest receivable
Interest revenue
Inventory
Land
Loss on retirement of bonds payable
Loss on sale of debt investments
Loss on sale of stock investments
Notes payable
Paid-in capital in excess of par value, common stock
Paid-in capital in excess of par value, preferred stock
Paid-in capital, treasury stock
Preferred stock, $100 par value
Premium on bonds payable
Rental expense
Rental revenue
Retained earnings
Salaries expense
Sales
Sales discounts
Sales returns and allowances
Stock investments
Supplies
Supplies expense
Treasury stock
Unrealized gain - Equity
Unrealized gain - Income
Unrealized loss - Equity
Unrealized loss - Income

Journal entry worksheet 1 The closing market price (fair value) of the Higo stock is $36 per share. Record the year-end adjustment to fair value, if any. Note: Enter debits before credits. Journal entry worksheet Sells 90 shares of its investment in Higo stock ($3,420 cost) at $41 per share. Note: Enter debits before credits. Prepare Tiker Company's journal entries to record the following transactions and the adjusting entry to record the fair value of the stock investments portfolio. This is the first and only time the company purchased such securities. May 9 Purchases 330 shares of Higo stock as a short-term investment at a cost of $38 per share. Tiker has insignificant influence over Higo. June 2 Sells 90 shares of its investment in Higo stock ($3,420 cost) at $41 per share. December 31 The closing market price (fair value) of the Higo stock is $36 per share. Journal entry worksheet Purchases 330 shares of Higo stock as a short-term investment at a cost of $38 per share. Tiker has insignificant influence over Higo. Note: Enter debits before credits