Terra Cotta Company has the following data at December 31 2017 for its securities: $$\begin{array} { l r r }
\text { Securities } & \text { Cost }& \text { Fair Value } \
\text { Available-for-sale } & \$ 34,000 & \$ 39,000 \
\text { Trading } & 46,000 & 42,000
\end{array}$$ Instructions
Journalize the December 31 adjusting entries.

Question

Terra Cotta Company has the following data at December 31 2017 for its securities: $$\begin{array} { l r r } 
\text { Securities } & \text { Cost }&  \text { Fair Value } \
\text { Available-for-sale } & \$ 34,000 & \$ 39,000 \
\text { Trading } & 46,000 & 42,000
\end{array}$$ Instructions
Journalize the December 31 adjusting entries.

Quizplus · Accepted Answer

The Answer of Terra Cotta Company has the following data at December 31 2017 for its securities: $$\begin{array} { l r r } 
\text { Securities } & \text { Cost }&  \text { Fair Value } \
\text { Available-for-sale } & \$ 34,000 & \$ 39,000 \
\text { Trading } & 46,000 & 42,000
\end{array}$$ Instructions
Journalize the December 31 adjusting entries.

Terra Cotta Company Has the Following Data at December 31