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Nimble Investments completed the following investment transactions during 2018 (Click the icon to view the investment transac

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Journal Entries- Nimble's Investment
Date Particulars Debit Credit
5-Jan Available for sale- Debt investment $525,000.00
Cash $525,000.00
TO Record investment made in Van Company
30-Jun Cash (525000*3%*6/12) $7,875.00
Interest Revenue $7,875.00
To Record Interest Received
31-Dec Cash $7,875.00
Interest Revenue $7,875.00
To Record Interest Received
31-Dec Unrealised holding loss -Available for sale $10,000.00
Fair value adjustment (525000-515000) $10,000.00
To Record Fair Value Adjustment
Balance Sheet (Partial)- Nimble Investment
Long term assets
Available for sale debt investment (at fair value) $515,000.00
Income Statement- Nimble Investment
Net income $360,000.00
Other Income/expenses
unrealised holding loss -$10,000.00
Interest Revenue $15,750.00
Comprehensive income $365,750.00
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