question the previous attempt. Available-for-Sale Securities Company A bonds Company B notes Company C bonds Cost $534,300 159,490 661,900 Fair Value $490, eee 148,000 644,280 Stoll enters into the following transactions involving its available for sale debt securities this year. Jan. 29 Sold one-half of the Company B notes for $78,500. July 6 Purchased bonds of Company X for $120,680. Nov. 13 Purchased notes of Company 2 for $267,000. Dec. 9 Sold all of the bonds of Company A for $519,000. The fair values at December 31 are B. $83,900, C. $608,900, X, $100,000, and Z. $275,000. Required: 1. Prepare journal entries to record these transactions, including the December 31 adjusting entry to record the fair value adjustment for the long-term investments in available for sale securities. 2. Determine the amount Stoll reports on its December 31 balance sheet for its long-term investments in available for sale securities. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare journal entries to record these transactions, including the December 31 adjusting entry to record the fair value adjustment for the long-term Investments in available-for-sale securities. Required information Journal entry worksheet 2 3 4 5 Sold one-half of the notes Company B for $78,500. Note: Enter debits before credits. Credit Date Jan. 29 General Journal Earnings from equity method investments Gain on sale of stock investments Debit 78,500 78,500 Record entry Prepare journal entries to record these transactions, including the December 31 adjusting entry to record the the long-term investments in available-for-sale securities. View transaction list Journal entry worksheet Sold all of the bonds of Company A for $519,000. Note: Enter debits before credits. Date Credit Debit 519,000 Dec. 9 General Journal Cash Fair value adjustment - Stock Gain on sale of stock investments 490,000 29,000 Record entry Clear entry View general Journal Journal entry worksheet