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Required information Problem 15-3A (Algo) Debt investments in available-for-sale securities; unrealized and realized gains and losses LO P3 [The following information applies to the questions

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Required information Problem 15-3A (Algo) Debt investments in available-for-sale securities; unrealized and realized gains and losses LO P3 [The following information applies to the questions displayed below) Stoll Company's long-term available for sale portfolio at the start of this year consists of the following: Available for sale Securities Company A bonds Company notes Company c bonds Cost $ 533,900 159,350 663,800 Fale Value $ 492,000 151,000 646,440 Stoll enters into the following transactions involving its available for sale debt securities this year January 29 sold one half of the Company B notes for $78,570 July 6 Purchased company x bonds for $134,600 November 13 Purchased Company z notes for $267,400 December 9 sold all of the Company A bonds for 5519,400. Fair values at December 31 are B. $82 200: C. $604.900.X $115.000 and Z S277000 Problem 15-3A (Algo) Part 1 and 2 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 Prapare journal entries to record these transactions, including the December 31 adjusting entry to record the fair valu sajustment for the long-term investments in available-for-sale securities, View transaction in Journal entry worksheet

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