Ticker Services began operations in Year 1 and holds long-term investments in available-for-sale debt securities. The year-end costs and fair values for its portfolio of these investments follow. Portfolio of Available-for-Sale Securities December 31, Year 1 December 31, Year 2 December 31, Year 3 Cost $13,000 Fair Value $ 15,000 20,000 25,000 23,000 29,000 16,500 19,000 December 31, Year 4 Prepare journal entries to record each year-end fair value adjustment for these securities. View transaction list Journal entry worksheet Record the year-end adjustment to fair value. Note: Enter debits before credits. Date December 31, Year 1 General Journal Debit Credit 2,000 2,000 Clear entry View general journal Record entry >
Ticker Services began operations in Year 1 and holds long-term investments in available-for-sale debt securities. The year-end costs and fair values for its portfolio of these investments follow. Portfolio of Available-for-Sale Securities December 31, Year 1 December 31, Year 2 December 31, Year 3 Cost $13,000 Fair Value $ 15,000 20,000 25,000 23,000 29,000 16,500 19,000 December 31, Year 4 Prepare journal entries to record each year-end fair value adjustment for these securities. View transaction list Journal entry worksheet Record the year-end adjustment to fair value. Note: Enter debits before credits. Date December 31, Year 1 General Journal Debit Credit 2,000 2,000 Clear entry View general journal Record entry >
Chapter1: Financial Statements And Business Decisions
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