QS 15-12 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 9. Purchases 260 shares of Higo, stock as a short-term investment at a cost of $31 per share. Tiker has insignificant influence June 2 Sells 50 shares of its investment in Mijo stock ($1,550 cost) at $34 per share. Dec. 31 The closing market price (fair value) of the Higo stock is $29 per share. May over Higo. View transaction list Journal entry worksheet