• 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

QS 15-12 (Algo) Adjusting stock investments to fair value LO P4 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 380 shares of Higo stock as a short-term investment at a cost of $43 per share. Tiker has insignificant influence over Higo. June 2 Sells 140 shares of its investment in Higo stock ($6,020 cost) at $46 per share. December 31 The closing earket price (fair value) of the Higo stock is $41 per share. Journal entry worksheet Purchases 380 shares of Higo stock as a short-term investment at a cost of $43 per share. Tiker has insignificant influence over Higo. Wote: Ente debits before credits. Journal entry worksheet Sells 140 shares of its investment in Higo stock ($6,020 cost) at $46 per share. Note: Enter debits before credits. June 2 Sells 140 shares of its investment in Higo stock ($6,020 cost ) at $46 per share. December 31 The closing market price (fair value) of the Higo stock is $41 per share. Journal entry worksheet The closing market price (fair value) of the Higo stock is $41 per share. Record the year-end adjustment to fair value, if any. Note: Enter debits before credits