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Question 1 Bramble Corporation has the following securities in its portfolio of investments that are held for trading on December 31, 2021. Brambie's year end

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Question 1 Bramble Corporation has the following securities in its portfolio of investments that are held for trading on December 31, 2021. Brambie's year end (all investments are included in one account Investments at FVTPL): Carrying Amount Investments (before adjustment) Fair value 1,500 shares of David Jones Inc., common $ 73,500 $ 67,740 5,000 shares of Heam Cors, common 180,000 174,420 400 shares of Alessandro Inc. preferred 60,000 61,830 5313,500 5303,990 During 2022, Bramble completed the following transactions Mar. 1 Sold the 1,500 shares of David Jones Inc. common at $42.75 per share. Apr 1 Bought 700 shares of Oberto Ltd. common at $75.00 per share Bramble Corporation's portfolio of held for trading investments appeared as follows on December 31, 2022 Carrying Investments Amount Fair Value 5,000 shares of Hem Comp, common $174.420 $ 175.000 700 shares of Coerto Led, common 52.500 400 shares of Alessandro Inc., preferred 61,130 57.000 5288,750 $2827400 50,400 Prepare the Bramble Corporation general Journal entry for the December 31, 2021, adjusting entry. (Credit account titles are automatically in indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31, 2021 Prepare the Bramble Corporation general journal entry for the sale of the David Jones Inc. shares. (Credit account titles are automatically ind indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Date Account Titles and Explanation Debit Mar 1, 2022 Credit Prepare the Bramble Corporation general journal entry for the purchase of the Oberto Ltd. shares. (Credit account titles are au indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Date Account Titles and Explanation Debit Credit Apr 1, 2022 Prepare the Bramble Corporation general journal entry for the December 31, 2022, adjusting entry. (Credit account titles are automa indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Date Account Titles and Explanation Debit Credit Dec 31, 2022 By accessing this Question Assistance, you will leden while you earn points based on the Point Potential policy set by your instructor

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