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complete the second jounral entry for recognizing gains and losses using separate gains and losses...

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Accounting

complete the second jounral entry for recognizing gains and losses using separate gains and losses accounts image
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Prepare journal entries to record the following transactions and events, based on the assumption that the nonpront, With a uses a single account to record all unrealized and realized investment gains and losses. Then, prepare journal entries for Events 2 and 3, based on the assumption that the nonprofit separates unrealized from realized investment gains and losses. 1. On July 15, a nonprofit recelved a donation of Apple stock that had a fair value of $75,000 at the time of the donation. The donor told the nonprofit that the stock could be sold and used only to finance a particular research project. 2 On December 31, when the nonprofit closed its books, the stock had a fair value of $76,500. 3. On February 15, the nonprofit sold the stock for $76,000. 4. On March 15, the nonprofit spent the entire $76,000 on the research project for which the donor made the gift

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