Question

Nelin Corporation has the following portfolio of long-term available-for-sale securities at year-end, December 31, 2011:


Both the Unrealized Loss on Long-Term Investments account and the Allowance to Adjust Long-Term Investments to Market account currently have a balance of $40,000 from the last accounting period. Prepare T accounts with a beginning balance for each of these accounts. Record the effects of the above information on the accounts and determine the endingbalances.


$1.99
Sales1
Views61
Comments0
  • CreatedSeptember 10, 2014
  • Files Included
Post your question
5000