Score: 5 of 10 pts 8 of 9 17 complete) HW Score: 41.36%, 37.22 of 90 pts * BE16-15 (similar to) Question Help Eastwood Consultants, Ltd. adopted the fair value option for a recent acquisition of debt investment securities that were originally classified as held to maturity. Eastwood acquired bonds of Turbulence Enterprises at a cost of S1,110,000. The year-end fair value of the ocht hekl by Eastwood is $1,307,000. Prepare the journal entries on the date of acuisition and al year-crid to adjust Eastwood's investments to fair value. Begin by recording the Journal entry for the cate of acquisition Account Dedy Investment in Turbulence Cash Entry at Acquisition 1,110,000 1,110.000 Next prepare the journal entry to adjust Eastwood's investments to fair value, at year end Account Entry al Year and Choose from any list or enter any number in the input flelds and then click Check Answer. ? 1 pall remaining Clear All Check