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Exercise 17-9 At December 31, 2017, the available-for-sale debt portfolio for Vaughn, Inc. is as follows....
Exercise 17-9 At December 31, 2017, the available-for-sale debt portfolio for Vaughn, Inc. is as follows Unrealized Gain (Loss) Security Fair Value Cost $36,750 $31,500 $(5,250) А 29,400 3,150 в 26,250 53,550 5,250 48,300 Total $111,300 $114,450 3,150 Previous fair value adjustment balance-Dr. 840 Fair value adjustment-Dr. $2,310 On January 20, 2018, Vaughn, Inc. sold security A for $31,710. The sale proceeds are net of brokerage fees. Prepare the adjusting entry at December 31, 2017, to report the portfolio at...
Exercise 17-9 At December 31, 2017, the available-for-sale debt portfolio for Steffi Graf, Inc. is as follows Ur Cost Fair Value Gain (Loss) $15,000 14,000 25,500 $54,500 $(2,500) $17,500 12,500 23,000 $53,000 1,500 2,500 1,500 400 $1,100 Total Previous fair value adjustment balance-Dr. Fair value adjustment-Dr. On January 20, 2018, Steffi Graf, Inc. sold security A for $15,100. The sale proceeds are net of brokerage fees Prepare the adjusting entry at December 31, 2017, to report the portfolio at fair...
At December 31, 2020, the available-for-sale debt portfolio for Skysong, Inc. is as follows. Unrealized Gain (Loss) $14,250) 2,550 4,250 Security Cost Fair Value $29,750 $25,500 21,250 23,800 39,100 43,350 Total $90,100 $92,650 Previous fair value adjustment balance- Dr. Fair value adjustment-Dr. 2,550 680 $1,870 On January 20, 2021, Skysong, Inc. sold security A for $25,670. The sale proceeds are net of brokerage fees. Prepare the adjusting entry at December 31, 2020, to report the portfolio at fair value. (Credit...
At December 31, 2020, the available-for-sale debt portfolio for Carla, Inc. is as follows. Unrealized Gain (Loss) $(4,125) 2,475 4,125 B Security Cost Fair Value $28,875 $24,750 20,625 23,100 C 37,950 42,075 Total $87,450 $89,925 Previous fair value adjustment balance- Dr. Fair value adjustment-Dr. 2.475 660 $1,815 On January 20, 2021, Carla, Inc. sold security A for $24,915. The sale proceeds are net of brokerage fees. Prepare the adjusting entry at December 31, 2020, to report the portfolio at fair...
At December 31, 2020, the available-for-sale debt portfolio for Marigold, Inc. is as follows. Security Cost Fair Value $31,500 $27,000 22,500 25,200 41,400 45,900 Total $95,400 $98,100 Previous fair value adjustment balance-Dr. Fair value adjustment-Dr. Unrealized Gain (Loss) $(4,500 ) 2,700 4,500 2,700 720 $1,980 On January 20, 2021, Marigold, Inc. sold security A for $27,180. The sale proceeds are net of brokerage fees. (a) Prepare the adjusting entry at December 31, 2020, to report the portfolio at fair value....
Exercise 17-9 (Part Level Submission) At December 31, 2017, the available-for-sale debt portfolio for Skysong, Inc. is as follows. Security Cost Fair Value Unrealized Gain (Loss) A $31,500 $27,000 $(4,500 ) B 22,500 25,200 2,700 C 41,400 45,900 4,500 Total $95,400 $98,100 2,700 Previous fair value adjustment balance—Dr. 720 Fair value adjustment—Dr. $1,980 On January 20, 2018, Skysong, Inc. sold security A for $27,180. The sale proceeds are net of brokerage fees. Collapse question part (a) Correct answer. Your answer...
At December 31, 2017, the available-for-sale debt portfolio for Skysong, Inc. is as follows. Unrealized Gain (Loss) Security Cost Fair Value $27,000 25,200 45,900 $98,100 $(4,500) 2,700 4,500 $31,500 22,500 41,400 Total $95,400 Previous fair value adjustment balance-Dr. Fair value adjustment-Dr. 2,700 720 $1,980 On January 20, 2018, Skysong, Inc. sold security A for $27,180. The sale proceeds are net of brokerage fees. (a) Your answer is correct. Prepare the adjusting entry at December 31, 2017, to report the portfolio...
At December 31, 2020, the available-for-sale debt portfolio for Culver, Inc is as follows. On January 20, 2021, Culver. Inc, sold security A for $30,200. The sale proceeds are net of brokerage fees. Prepare the adjusting entry at December 31, 2020, to report the portfolio at fair value. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Show the balance...
Exercise 17-9 At December 31, 2017, the available-for-sale debt portfolio for Cheyenne, Inc. is as follows. Unrealized Gain (Loss) Security Cost Fair Value $21,000 15,000 27,600 $63,600 $18,000 16,800 30,600 $65,400 $(3,000) 1,800 3,000 1,800 480 $1,320 8 Total Previous fair value adjustment balance-Dr Fair value adjustment-Dr On January 20, 2018, Cheyenne, Inc. sold security A for $18,120. The sale proceeds are net of brokerage fees
CALCULATOR FULL SCREEN PRINTER VERSION Question 2 At December 31, 2020, the available-for-sale debt portfolio for Marin, Inc. is as follows. Security Cost Fair Value $37,625 $32,250 26,875 30,100 49,450 54,825 Total $113,950 $117,175 Previous fair value adjustment balance-Dr. Fair value adjustment-Dr. Unrealized Gain (Loss) $(5,375 ) 3,225 5,375 3,225 860 $2,365 On January 20, 2021, Marin, Inc. sold security A for $32,465. The sale proceeds are net of brokerage fees. (a) Prepare the adjusting entry at December 31, 2020,...