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Selected accounts from GermX Companys adjusted trial balance for the year ended December 31 follow. Trading securities (at cost) $ 6,800 Cash $ 14,500 Short-term
Selected accounts from GermX Companys adjusted trial balance for the year ended December 31 follow.
Trading securities (at cost) | $ 6,800 | Cash | $ 14,500 |
Short-term stock investments (at cost) | 27,500 | Fair value adjustmentstock | (1,900) |
Equity method investments | 74,500 | Accounts receivable | 6,500 |
Held-to-maturity securities (long-term) | 17,500 | Fair value adjustmenttrading | 1,400 |
Prepare the assets section of a classified balance sheet. Hint: Fair Value AdjustmentTrading increases trading securities; Fair Value AdjustmentStock decreases stock investments.
Note: Amounts deducted should be indicated by a minus sign.
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