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Exercise 16-11 - (Part Level Submission) At December 31, 2020, the available for sale debt securities...
Exercise 16-11 a-b (Part Level Submission) At December 31, 2020, the available-for-sale debt securities for Sandhill,...
Exercise 16-11 a-b (Part Level Submission) At December 31, 2020, the available-for-sale debt securities for Sandhill, Inc. are as follows. The securities are considered to be a long-term investment. Security Cost Fair Value $17,300 12,500 22,500 $52,300 $16,400 14,100 18,700 $49,200 (a) Your answer is partially correct. Try again. Prepare the adjusting entry at December 31, 2020, to report the securities at fair value. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no...
Exercise 16-10 a-b (Part Level Submission) (Video) At December 31, 2020, the trading securities for Blossom,...
Exercise 16-10 a-b (Part Level Submission) (Video) At December 31, 2020, the trading securities for Blossom, Inc. are as follows. Security Cost $17,000 12,000 22,500 $51.500 Fair Value $15,500 13,500 18,500 $47.500 Your answer is partially correct. Try again Prepare the adjusting entry of December 31, 2020, to report the securities at fair value. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Il ne entry is require select "Moetry for the account titles and...
Exercise 16s a-b At December 31, 2020, the available-for-sale secunities for Allison, Inc. are as follows...
Exercise 16s a-b At December 31, 2020, the available-for-sale secunities for Allison, Inc. are as follows Security Cost Fair Value X$27,500 $24,000 Y 12,500 13,000 Z 23,000 18,000 $63,000 $55,000 Prepare the edust ng entry at December 31, 2020,to report the securities at fair value (credit account titles are automatically Indented when the amount is entered. Do not Indent manually.) Date Account Titles and Explanation Credit Dec. 31 a 2020, after edjustment to fair value. The securities are considered to...
Exercise 16-10 a-b (Part Level Submission) (Video) At December 31, 2020, the trading securities for Cullumber,...
Exercise 16-10 a-b (Part Level Submission) (Video) At December 31, 2020, the trading securities for Cullumber, Inc. are as follows. Security Cost Fair Value A $17,900 $15,600 B 12,600 14,300 C 23,100 18,900 $53,600 $48,800 (a) Your answer is correct. Prepare the adjusting entry at December 31, 2020, to report the securities 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...
At December 31, 2020, the available-for-sale debt portfolio for Skysong, Inc. is as follows. Unrealized Gain...
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...
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 securities for Storrer, Inc. are as follows. The securities...
At December 31, 2020, the available-for-sale debt securities for
Storrer, Inc. are as follows. The securities are considered to be a
long-term investment.
Security
Cost
Fair Value
A
$17,500
$16,000
B
12,500
14,000
C
23,000
21,000
$53,000
$51,000
Prepare the adjusting entry at December 31, 2020, to report the
securities 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...
At December 31, 2020, the available-for-sale debt portfolio for Culver, Inc is as follows.
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...
12:19 PM Sun Feb 9 C16 #2 At December 31, 2020, the trading securities for Sandhill,...
12:19 PM Sun Feb 9 C16 #2 At December 31, 2020, the trading securities for Sandhill, Inc. are as follows. Security Cost Fair Value $16,300 13,800 $17,100 12,800 22,600 $52,500 $49.000 Your answer is partially correct. Try again. Prepare the adjusting entry at December 31, 2020, to report the securities 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...
At December 31, 2020, the available-for-sale debt portfolio for Marigold, Inc. is as follows. Security Cost...
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 16-11 a-b (Part Level Submission) At December 31, 2020, the available-for-sale debt securities for Sandhill, Inc. are as follows. The securities are considered to be a long-term investment. Security Cost Fair Value $17,300 12,500 22,500 $52,300 $16,400 14,100 18,700 $49,200 (a) Your answer is partially correct. Try again. Prepare the adjusting entry at December 31, 2020, to report the securities at fair value. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no...
Exercise 16-10 a-b (Part Level Submission) (Video) At December 31, 2020, the trading securities for Blossom, Inc. are as follows. Security Cost $17,000 12,000 22,500 $51.500 Fair Value $15,500 13,500 18,500 $47.500 Your answer is partially correct. Try again Prepare the adjusting entry of December 31, 2020, to report the securities at fair value. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Il ne entry is require select "Moetry for the account titles and...
Exercise 16s a-b At December 31, 2020, the available-for-sale secunities for Allison, Inc. are as follows Security Cost Fair Value X$27,500 $24,000 Y 12,500 13,000 Z 23,000 18,000 $63,000 $55,000 Prepare the edust ng entry at December 31, 2020,to report the securities at fair value (credit account titles are automatically Indented when the amount is entered. Do not Indent manually.) Date Account Titles and Explanation Credit Dec. 31 a 2020, after edjustment to fair value. The securities are considered to...
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 securities for
Storrer, Inc. are as follows. The securities are considered to be a
long-term investment.
Security
Cost
Fair Value
A
$17,500
$16,000
B
12,500
14,000
C
23,000
21,000
$53,000
$51,000
Prepare the adjusting entry at December 31, 2020, to report the
securities 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...
12:19 PM Sun Feb 9 C16 #2 At December 31, 2020, the trading securities for Sandhill, Inc. are as follows. Security Cost Fair Value $16,300 13,800 $17,100 12,800 22,600 $52,500 $49.000 Your answer is partially correct. Try again. Prepare the adjusting entry at December 31, 2020, to report the securities 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...
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....
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