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Required information Problem 15-3A Debt investments in avallable-for-sale securities; unrealized and realized gains and losses LO P3 (The following information applies to the questions displayed below) Stoll Co.'s long-term available-for-sale portfolio at the start of this year consists of the following. Available for Sale Securities Cost Fair Value Company A bonds 5533,600 $492,000 Company B notes 159,310 150,000 Company C bonds 661,900 641,950 Stoll enters into the following transactions involving its available-for-sale debt securities this year. Jan. 29 Sold one-half of the Company B notes for $78,430. July 6 Purchased bonds of Company x for $120,800. Nov. 13 Purchased notes of Company 2 for $267,100. Dec. 9 Sold all of the bonds of Company A for $524,100. The fair values at December 31 are B, $82,500; C. $609,100; X $118,000; and Z. $279,000. Problem 15-3A Part 1 and 2 Required: 1. Prepare Journal entries to record these transactions, including the December 31 adjusting entry to record the fair value adjustment for the long-term investments in available-for-sale securities. 2. Determine the amount Stoll reports on its December 31 balance sheet for its long-term investments in available-for-sale securities Complete this question by entering your answers in the tabs below. Required information Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare Journal entries to record these transactions, Induding the December 31 adjusting entry to record the fair value adjustment for the long-term Investments in available-for-sale securities. View transaction list Journal entry worksheet

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