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Question 5 of 5 14 View Policies Current Attempt in Progress The following information is available about Monty Corp.'s investments at December 31,2023 . This is the first year Monty has purchased securities for investment purposes. Securities 2,920 shares of Petra Corporation common shares 1,070 shares of Dugald Inc preferred shares Cost $35,040 24,610 $59.650 Fair Value $42,240 22,310 $64,550 Monty follows IFRS. Prepare the adjusting entry for December 31,2023 , assuming the investments are acquired for trading purposes and accounted for using the FV.NI model with no separate reporting of dividends and other types of FV-NI investment income and losses. (Credit occount tities are outomotically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter Ofor the amounts. Lst debit entry before credit entry) Account ritles and Explanation Debit Credit 14 Prepare the adjusting entry for December 31,2023, assuming the investments are acquired for trading purposes and accounted for using the FV-NI model with no separate reporting of dividends and other types of FV-NI investment income and losses. (Credit occount titles are outomatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter ofor the amounts. List debit entry before credit entry). Account Titles and Explanation FV-NIImestments im Debit Debit Credit eTextbook and Media List of Accounts Prepare the adjusting entry for December 31,2023, assuming the imvestments are accounted for using the FV-OCI modeL (Credit account tities are outomatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount tites and enter ofor the amounts. List debit entry before credit entry) Prepare the adjusting entry for December 31, 2023, assuming the investments are accounted for using the FV-OCI model. occount titles are outornatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" f the occount tities and enter Ofor the omounts. List debit entry before credit entry) Account Titles and Explanation Debit Credit FV-OCI Imvestments Gain on Disposal of Imestments - FV-OCI eTextbook and Media List of Accounts Last sived 1 second ago. Attempts: 0 of 3 used Saved work will be auto-submitted on the due date. Auto submission can take up to 10 minutes