At December 31,Evenflo held Eastjet Corp bonds with a cost of $150,000 and a fair value of $147,380.As well,they held 1,200 Anvil common shares with a cost of $40,000 and a fair value of $42,225.Both of these investments were classified as short-term investments.Prepare the journal entry to record the adjustment required to reflect the fair value of the investments at December 31.

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The Answer of At December 31,Evenflo held Eastjet Corp bonds with a cost of $150,000 and a fair value of $147,380.As well,they held 1,200 Anvil common shares with a cost of $40,000 and a fair value of $42,225.Both of these investments were classified as short-term investments.Prepare the journal entry to record the adjustment required to reflect the fair value of the investments at December 31.

At December 31,Evenflo Held Eastjet Corp Bonds with a Cost