Required Information [The following Information applies to the questions displayed below.] Stoll Co.'s long-term available-for-sale portfolio...

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Required Information [The following Information applies to the questions displayed below.] Stoll Co.'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 B notes Company C bonds Cost $534,900 159,290 662,500 Fair Value $492,000 145,000 641,740 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 $78,130. July 6 Purchased bonds of Company X for $125,100. Nov. 13 Purchased notes of Company Z for $268,000. Dec. 9 Sold all of the bonds of Company A for $515,300. The fair values at December 31 are B, $80,300; C, $606,800; X, $101,000; and Z, $271,000. 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. Answer is not complete. 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. No 1 Date Jan. 29 General Journal Cash Loss on sale of debt investments Debt investments -AFS 2 Jul 06 Stock investments Cash 3 Nov. 13 Stock investments Cash Debit Credit 78,130 1,515 79,645 125,100 125,100 > > 268,000 268,000 4 Dec. 9 Cash 515,300 Loss on sale of stock investments 19,600 Stock investments 534,900 5 Dec. 31 Debt investments-AFS Unrealized gain-Income 685 685 X Required information [The following Information applies to the questions displayed below.] Stoll Co.'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 B notes Company C bonds Cost Fair Value $534,900 $492,000 159,290 145,000 662,500 641,740 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 $78,130. July 6 Purchased bonds of Company X for $125,100. Nov. 13 Purchased notes of Company Z for $268,000. Dec. 9 Sold all of the bonds of Company A for $515,300. The fair values at December 31 are B, $80,300; C, $606,800; X, $101,000; and Z, $271,000. 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. Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the amount Stoll reports on its December 31 balance sheet for its long-term investments in available-for-sale securities. Fair Value Adjustment Computation - Available-for-Sale Securities December 31 AFS Securities Company B notes Company C bonds Company X bonds Company Z notes Total Unrealized Cost Fair Value Amount S 79,610 S 662,500 83,300x 603,800x 126,500 x 267,700 x S 1,138,310 S 687,100 Required Information [The following Information applies to the questions displayed below.] Stoll Co.'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 B notes Company C bonds Cost $534,900 159,290 662,500 Fair Value $492,000 145,000 641,740 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 $78,130. July 6 Purchased bonds of Company X for $125,100. Nov. 13 Purchased notes of Company Z for $268,000. Dec. 9 Sold all of the bonds of Company A for $515,300. The fair values at December 31 are B, $80,300; C, $606,800; X, $101,000; and Z, $271,000. 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. Answer is not complete. 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. No 1 Date Jan. 29 General Journal Cash Loss on sale of debt investments Debt investments -AFS 2 Jul 06 Stock investments Cash 3 Nov. 13 Stock investments Cash Debit Credit 78,130 1,515 79,645 125,100 125,100 > > 268,000 268,000 4 Dec. 9 Cash 515,300 Loss on sale of stock investments 19,600 Stock investments 534,900 5 Dec. 31 Debt investments-AFS Unrealized gain-Income 685 685 X Required information [The following Information applies to the questions displayed below.] Stoll Co.'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 B notes Company C bonds Cost Fair Value $534,900 $492,000 159,290 145,000 662,500 641,740 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 $78,130. July 6 Purchased bonds of Company X for $125,100. Nov. 13 Purchased notes of Company Z for $268,000. Dec. 9 Sold all of the bonds of Company A for $515,300. The fair values at December 31 are B, $80,300; C, $606,800; X, $101,000; and Z, $271,000. 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. Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the amount Stoll reports on its December 31 balance sheet for its long-term investments in available-for-sale securities. Fair Value Adjustment Computation - Available-for-Sale Securities December 31 AFS Securities Company B notes Company C bonds Company X bonds Company Z notes Total Unrealized Cost Fair Value Amount S 79,610 S 662,500 83,300x 603,800x 126,500 x 267,700 x S 1,138,310 S 687,100