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Problem $15-3$A $($Algo$)$ Debt investments in available$-$for$-$sale securities; unrealized and realized gains and

losses LO P$3$

$[$The following information applles to the questions displayed below.$]$

Stoll Company's long$-$term available$-$for$-$sale portfolio at the start of this year consists of the following.

Stoll enters into the following transactions involving its available$-$for$-$sale debt securities this year.

Falr values at December $31$ are $B,$$$84,800$;$C,$$$604,800$;$x,$$$112,000$; and $Z,$$$270,000.$

Problem $15-3$A $($Algo$)$ Part $1$ and $2$

Requlred:

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$.$

Determine the amount Stoll reports on its December $31$ balance sheet for its Iong$-$term Investments in avallable$-$for$-$sale

securities$.$

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