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Ticker Services began operations in 2009 and maintains long-term investments in available- for-sale securities The year-end cost and fair values for its portfolio of these investments follow

Ticker Services began operations in 2009 and maintains long-term investments in available- for-sale securities. The year-end cost and fair values for its portfolio of these investments follow. Prepare journal entries to record each year-end fair value adjustment for these securities

 

Cost                                       Fair Value

December 31, 2009 . . . . . . . . . . . .                                                             $374,000                             $362,560

December 31, 2010 . . . . . . . . . . . .                                                             426,900                                453,200

December 31, 2011 . . . . . . . . . . . .                                                             580,700                                686,450

December 31, 2012 . . . . . . . . . . . .                                                             875,500                                778,800

Jul 19 2020 View more View Less

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