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Record the appropriate journal entry to reflect the following: The investments that Veggies-R-Us currently has in their investment account (curront asset) represents investments that were

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Record the appropriate journal entry to reflect the following: The investments that Veggies-R-Us currently has in their investment account (curront asset) represents investments that were purchased recently. Based upon stock market quotes obtained for December 31, the market value of these investments $112,000. (It is management's intent to actively manage these shares for profit.) Veggies-R-Us. Trial Balance December 31, 20XX Debit Credit Account Title Cash Accounts receivable $26,750 47,630 Allowance for doubtful accounts250 Prepaid rent Supplies Investments Furniture Accumulated depreciation- furniture 1,680 8,700 113,520 15,350 12,800 Equipment 44,600 Accumulated depreciation 1,830 equipment Building Accumulated depreciation- building Accounts payable Salary payable Unearned revenue, customer deposits 89,900 28,600 6,240 25,500 Bonds payable Premium of bonds payable Common stock 150,000 6,000 20,000 54 920 Retained earnings Dividends Revenue Salary expense 5,250 132,400 51,600

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