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 Pucchines 200 shares of Hige stock as a short term investment at cost of $31 per share. Tiker has insignificant influence June 2 Sells so shares of its Investment in Wigo stock ($1,50 cost) at $34 per share. Dec. 31 The closing market price (fair value of the Higostock is $29 per share May over Wigo. View transaction list Journal entry worksheet Purchases 260 shares of Migo stock as a short-term investment at a cost of 531 per share. Ter hos insignificant influence over Higo General Journal Debil Credit Mwy 09 Account 8.000 Journal entry worksheet