y Method Securities Help Save & Exit Saved Check my Problem 15-5A Long-term investment transactions; unrealized and realized gains and losses LO C2, P3, P4 The following information applies to the quest Stoll Co's long-term available-for-sale portfolio at December 31, 2016, consists of the following. ions displayed below] Cost 40,880 shares of Company A common stock 30,e00 shares of Company B common stock 35,000 shares of Company C common stock $1,840,600 938,8 330,080 1,364,801,314,875 340,750 Stoll enters into the following long-term investment transactions during year 2017 Dan. 29 Sold 15,e00 shares of Compan rokerage fee of $3,5e0 Apr. 17 Purchased 21,eee shares of Company W common stock for s450,ee0 plus a brokerage fee of $3,280. The shares y 8 common stock for $169,37 represent a 38% ownership in company w d 9,000 shares of Company X common stock for $258,625 plus a brokerage fee of $3,2e0. The shares uly 6 Purchase Aug. 22 Purchased 10e,eee shares of Company Y common stock for $60e,ee0 plus a brokerage fee of $8,e00. The Nov. 13 Purchased Dec. 9 Sold 40,00e shares of Company A common stock for $1,828,eee less a brokerage fee of $4,100. The fair values of its investments at December 31, 2017, are: B, $168,250 C. $1,226,125: W. $388,000: X, $241,750, Y a 10% ownership in company X shares represent a 51% ownership in Company Y. 13,000 shares of Company Z common stock for $528,380 plus a brokerage fee of $6,000. The shares $1,068,000; and Z, 563,100. Prey67 of 7 Next> Check my wa Required information Problem 15-5A Part 1 and 2 Required 1. Determine the amount Stoll should report on its December 31, 2017, balance sheet for its long-term investments in available-for-sale securities. 2. Prepare any necessary December 31, 2017, adjusting entry to record the fair value adjustment for the long-term investments in available-for-sale securities. Complete this question by entering your answers in the tabs below. Prepare any necessary December 31, 2017, adjusting entry to record the fair value adjustment for the long-term available-for-sale securities in Fair Value Unrealized ount # of shares Cost ber 31, 2017 AFS Securities Prev 67of 7 Next> ENG information December 31, 2017 AFS Securities # of shares Cost Fair Value nt Total Prey | 67| of 7ll Next> Required information Required 1 Required 2 pare an available-for-sale securities. lue adjustment for the long-term air va Journal entry worksheet Record the year-end adjusting entry for the securities portfolio as of December 31, 2017 Debit General Journal Date Dec 31 Next >
