What is the adjusting entry? The investments account is comprised of two investments. One $200,000 bond was purchased at face value and Coughlan intends to hold until it matures. The interest on these bonds are 3% and is paid annually on January 31. Coughlan purchased these bonds on September 1^stof the current year. The fair value of these bonds are $96,000. The other investment are shares of Google stock, which were purchased years ago when Google was selling at $100/share. Assume the closing price of Google on 12/31/17, was $1,046/share.

Coughlans Flowers
Unadjusted trial Balance
December 31, 2017
			Dr.	Cr.
Cash			$125,600
Investments Accounts receivable, 12/31/16			300,000 116,200
Allowance for doubtful accounts, 12/31/16				$20,000
Inventory, 12/31/16			62,000
Furniture and Fixtures			118,200
Accumulated depreciation, Furniture & Fixtures 12/31/16				32,400
Accounts payable, 12/31/16				42,000
Capital stock, $10 par value				50,000
Retained earnings, 12/31/16				242,000
Sales				1,549,100
Notes payable 4%, due 3/31/18				200,000
Purchases			906,600
Fencing expense			80,000
Salaries expense			262,000
Income tax expense			45,000
Interest expense				6,000
Insurance expense			34,100
Rent expense			34,200
Utilities expense			12,600
Freight in			15,000
Freight out			17,000
Travel expense			13,000
TOTALS			$2,141,500	$2,141,500