QUESTION 1 In its first year of operations, Jordan Company had the following selected transactions in stock Inventions holdings less than 2016) Grant common stock 400 shares, purchased June 1 at 524 per share Pippen common stock 1.200 shares, purchased July 1 at 533 per share At December 31, the fair values por share were Grant $54 and Pippen $30 Cost Fair Value Unrealized Gain (los) Investment Grant common stock Pippen common stock Totals Debit Credit Date Account Titles and Explanation INSTRUCTIONS: Prepare the adjusting entry at December 31 to report the securities at fair value. The table must be completed first to determine the amount of the adjustment Save Al Answ Click Save and Submit to save and submit Chek Sare All Answers to serve all annars