Question $5$ of $6$

$\frac{5\mathrm{.}05}{10}$

Attempts: $3$ of $3$ used

$($b$)$

Your Answer

Prepare the adjusting entry at December $31,2022,$ to report the investments at fair value. $($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 $0$ for the amounts$)$

Date

Account Titles and Explanation

Debit

Credit

Dec. $31$

Unrealized Gain or Loss$-$Income

$8,018$

Fair Value Adjustment$-$Stock

$($c$)$

Your answer is partially correct.

Show the balance sheet presentation of investment securities at December $31,2022.$

Blossom Company $($Partial$)$ Balance Sheet

December $31,2022$

Current Assets

eTextbook and Media

List of Accounts