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Solve Required information [The following information applies to the questions displayed below] The accounting records of Jamaican Importers, Inc, at January 1. 2021, included the

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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: 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: $1,345,000 (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) lequired: Prepare appropriate adjusting entry(s) at December 31, 2021, assuming the fair value of the IBM common shares was: $1,345,000 (If no entry is required for o transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Record the fair value adjustment assuming the fair value of the 1BM common shares was 51,345,000, Notes Enter detatt before credits

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