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Required information [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

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Required information [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: Stoll enters into the following transactionsfinvolving its available for-sale debt securities this year. January 29 Sold one half of the Company 8 notes for $78,640. July 6 Purchased Coepany x bonds for $126,900. November 13 Purchased company z notes for $267,990. December 9 sold a11 of the Company A bonds for $521,600. Fair values at December 31 are B, $83,900; C. $605,200;X,$107,000; 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 avallable-for-sale securities. 2. Determine the amount Stoll reports on its December 31 balance sheet for its long-term investments in avaliable-for-5ale securities. Complete this question by entering your answers in the tabs below. Prepare journal entries to record these transactions, Including the December 31 adjusting entry to record the fair value adjustment to the long-term investments in avallable-for-sale securities. Prepare journal entries to record thege transantions, induding the December 31 adjusting entry to record the fair wolue adjustmient for the long term investments in available for sale secuitities. Journal entry worksheet 45 Sold one-hall of the notes Company B for $78,640. Note: Inter debits betore rredits. Determine the amount Stoll reports on its December 31 balance sheet for its long-term investments in avallable-for-sale securities.

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