Question 1 of 1 -/1 View Policies Current Attempt in Progress Bridgeport Corporation, a Canadian-based international company that follows IFRS has the following securities in its portfolio of investments acquired for trading purposes and accounted for using the FV.Ni method on December 31, 2019 Carrying Amount (before adjustment) $94.100 Fair Value $89.200 Investments 1.900 shares of David Jones Inc. common 4.300 stures of Hearn Corp.common 410 shares of Alessandro Inc, preferred 159.100 151.800 53300 55,100 5306,500 $296,100 In 2020. Bridgeport completed the following securities transactions Sold the 1.000 shares of David Jones Inie common at $41 per share, less feet of $500 AD 1 Bought 500 shares of Oberto Ltd, common at 571 per share, plus toes of $1,400 Mar. 1 Bridgeport Corporation's portfolio of trading securities appeared as follows on December 31, 2020: Investments Original Cost Fair Value 4.300 shares of Hearn Corp.com 5159.100 5151.800 -/1 Bridgeport Corporation's portfolio of trading secure appeared on December 31, 2020 Fair Value Original Cost $159.100 5151100 Investments 4.300 shares of Hearn Corp.com 500 shares of Oberto Ltd, common 410 shares of Alessandro tec.preferred 35.500 33500 53300 50.800 5236100 $247.900 Assume that the company does not recognize and report dividends and other components of investments and losses separately Prepare the Bridgeport Corporation general journal entry to record the adjusting entry for December 31, 2019. Credit account titles are automatically indented when the amounts entered. Do not indent manually no rey delect Ne Tey for the accounts and enter for the amounts) Account Titles and Explanation Debit Credit List of Accounts Prepare the Bridgeport Corporation general journal entry to record the sale of the David Jones in stores. (Credit account titles are automatically indented when the amount hentered. Do not indent manuallyIf no entry is required, select "No Entry for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit e Textbook and Media List of Accounts List of Accounts Prepare the Bridgeport Corporation peneral journal entry to record the purchase of the Oberto Ltd. shares. (Credit account titles are automatically Indented when the amount is entered. Do not Indent manually no entry is required, select "No Entry for the account tities and enter for the amounts) Account Titles and Explanation Debit Credit eTextbook and Media List of Accounts Prepare the Bridgeport Corporation general journal entry to record the adjusting entry for December 31, 2020. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit e Textbook and Media List of Accounts
