less $1,300 brokerage fees.
At December 31, the fair values of the NJF and SEK common stocks were $39 and $30 per share, respectively.
Journalize investment transactions, prepare adjusting entry, and show financial statement presentation.
(SO 2, 3, 5, 6), AN
a. Journalize the transactions and post to the accounts Debt Investments and Stock Investments. (Use the T account form.)
b. Prepare the adjusting entry at December 31, 2012, to report the investments at fair value. All securities
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