Required information The following information applies to the questions displayed below. The accounting records of Jamaican Importers, Inc, at January 1, 2021, Included the following: Assets: Investment in IBM common shares Less Fair value adjustment $1,695,000 (180,000 $1,515,000 No changes occurred during 2021 in the investment portfolio Required: 1. Prepare appropriate adjusting entry(s) at December 31, 2021, assuming the fair value of the IBM common shares was $1,267.000 (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) Required: 1. Prepare appropriate adjusting entry(s) at December 31, 2021. assuming the fair value of the IBM common shares was: S1,267.000 ( no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Quiz To Journal entry worksheet Collag Record the fair value adjustment assuming the fair value of the IBM common shares was $1.267,000 Debit Transaction Credit General Journal on investments and NI Required information [The following information applies to the questions displayed below.) The accounting records of Jamaican Importers, Inc., at January 1, 2021, included the following Assets Investment in IBM common shares Less: Fair value adjustment $1,695,000 (150.ee $1,515,000 No changes occurred during 2021 in the investment portfolio 2. Prepare appropriate adjusting entry(s) at December 31, 2021. assuming the fair value of the IBM common shares was 51570,000 (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction ist