Record the year-end adjusting entry for the securities portfolio as o.docx - Record the year-end adjusting entry for the securities portfolio as of

Record the year-end adjusting entry for the securities portfolio as o.docx

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Record the year-end adjusting entry for the securities portfolio as of December 31, 2017 Note: Enter debits before credits. Debit Credit Date Dec 31, 2017 General Journal Unrealized loss-Equity Fair value adjustment-AFS (ST) Problem 15-2A Recording, adjusting, and reporting short- term available-for-sale securities LO P3 [The following information applies to the questions displayed below.) Rose Company had no short-term investments prior to year 2017. It had the following transactions involving short-term investments in available for sale securities during 2017, Apr. 16 Purchased 4,000 shares of Gem Co. stock at $22.00 per share plus a $460 brokerage fee. May 1 Paid $280,000 to buy 3-month U.S. Treasury bills (debt securities): $280,000 principal amount, 6% interest, securities mature on July 31. July 7 Purchased 2,000 shares of PepsiCo stock at $53.00 per share plus a $430 brokerage fee. 20 Purchased 1,880 shares of Xerox stock at $16.00 per share plus a $519 brokerage fee. Aug. 1 Received a check for principal and accrued interest on the U.S. Treasury bills that matured on July 31. 15 Received
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