Required Information (The following information applies to the questions displayed below) Stoll Cos long-term avallable-for-sale portfolio at the start of this year consists of the following Available for Sale Securities Cost Fair Value Company A bonds $530,800 $494,908 Company B notes 159, 470 152,000 Company C bonds 661,900 647,730 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 $78,810. July 6 Purchased bonds of Company x for $124,000. Nov. 13 Purchased notes of Company 2 for $267,100 Dec. 9 Sold all of the bonds of Company A for $517,200. The fair values at December 31 are B, $85,000; C, $604,500, X, $119.000, and Z. $279.000 Required: 1. Prepare journal entries to record these transactions, including the December 31 adjusting entry to record the far 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 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, Required 1 Required 2 Prepare journal entries to record these transactions, including the December 31 adjusting entry to reco the long-term investments in available-for-sale securities. View transaction list Journal entry worksheet Jan. 29 Sold one-half of the Company B notes for 578,810. July 6 Purchased bonds of company x for S124,800. Nov. 13 Purchased notes of Company 2 for $267, 120. Deco 9 Sold all of the bonds of Company A for $517,200. The fair values at December 31 are B. $85,000: $604,500, Xou, and Required: 1. Prepare journal entries to record these transactions, including the December 31 ad 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- 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 adjustin the long-term investments in available-for-sale securities. View transaction list Journal entry worksheet 2 1 3 4 5 Purchased notes of Company Z for $267,100. Notal Enter debits before credits Debit Credit General Journal Date Nov 13 Company A bonds Company B notes Company C bonds $530,000 159,470 661,900 $499,00 152,00 647,730 Stoll enters into the following transactions involving its available-for-sale debt securitiest Jan. 29 Sold one-half of the Company 8 notes for $78,810. July 6 Purchased bonds of Company x for $124,000. Nov. 13 Purchased notes of Company 2 for $267,180. Dec. 9 Sold all of the bonds of Company A for $517,200. The fair values at December 31 are 8. $85,000, C. $604,500, X, $119,000; and Z, $279,00 Required: 1. Prepare journal entries to record these transactions, including the December 31 adjusting entry 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 investm 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 rece the long-term investments in available for sale securities. View transaction list Journal entry worksheet