Question

Most of my answers are wrong

Ticker Services began operations in Year 1 and holds long-term investments in available-for-sale debt securities. The year-end cost 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 December 31, Year 4 Cost $ 12,200 18,100 20,600 14,800 Fair Value $ 18,900 27,800 32,700 21,800 Prepare journal entries to record each year-end fair value adjustment for these securities.

Answer 1

Answer Page No 0. Posunal ensies On 12/31) Year to fair value ad ostment - AFS = 18900 - 12000 = $6700 On 12/31/ year as fair value adjustment - AFS = (24800 — 18100) – 6400 = $ 3000 On 12/31/ year 3, fair value adjustment - AFS(47) -(39700 -- 20600) – (27800-461) = $ 2400 On 12/311 years, unrealized loss -equilig = 674800+21800) --( 32700 - 20600) Se $5100 sind Date Particular - Debit Credit fair value adjustment - AFS $ 6700 Чесі) unrealized gain - equily | Dec 3); } fair value ady wrtment - AFS 1 $ 3000 Year 2 unrealized gain - equily $ 3000 Occ3ly fair value adjustment -AFS(LT) $2400 Year 3 enrealized gais - equity $2400 Dec 31 | land unrealized loss - equilig $5100 Yeary fair value adjustment - AFS (LT) $5100 Dec 31, $ 6700