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please help asap! the wrong equation that i put was Unrealized gain or loss debit investment in associate credit ( which was wrong) Question 3
please help asap!
Question 3 of 4 2/9 On December 31, 2019. Concord Corp provided you with the following pre adatment information regarding its portfolio of investments held for short term profit-taking December 31, 2019 Carrying Amount Fair Value 522.000 Investments Moonstar Corp, shares by Corp. shares Industd shares Total portfolio 521.300 10,100 11.000 22,400 23.100 555.400 $54,500 During 2020, the Billy Corpshares were sold for 510 500. The fair values of the securities on December 31, 2020, were as follows Moonstar Corpshares 521.000 and Radhost shares 528,000. The company does not recognize and report dividends and other components of investments and lowes separately al Your answer is partially correct Prepare the adjustin Journal entry eded on December 21,2019. indicates are automatically indeed when the amount betoneindent may no entry is required to try for the cities and enter the mounts Account Titles and Explanation Dobit Credit Question 3 of 4 2/9 Your answer is partially commet. Prepare the adjusting journal entry needed on December 31, 2019. ( Od taccount is an automatically indented when the amount entered Do not indent manly. If no tyled "No Entry for the account title and enter for the amounts) Account Titles and Exploration Debit Credit Undan orom 200 VOO e Textbook and Media List of Accounts Assistance Used Attempts 1 of used Sand work to smited on the date to wubmion can take to 10 minutes b) The partition completed in order the part will you let the part above the wrong equation that i put was
Unrealized gain or loss debit
investment in associate credit
( which was wrong)
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