Question: ?Help me with my accounting homework EX 1 5 - 1 6 ?Fair value journal entries, trading investments Jets Bancorp Inc. purchased a portfolio of

?Help me with my accounting homework
EX 15-16 ?Fair value journal entries, trading investments
Jets Bancorp Inc. purchased a portfolio of trading securities during 2014. ?The cost and
fair value of this portfolio on December 31, 2014, ?was as follows:
On May 10, 2015, ?Jets Bancorp Inc. purchased 1,000 ?shares of Giants Inc. at $24 ?per
share plus a $150 ?brokerage fee.
Provide the journal entries to record the following:
a. ?The adjustment of the trading security portfolio to fair value on December 31,2014.
b. ?The May 10,2015 , ?purchase of Giants Inc. stock.
 ?Help me with my accounting homework EX 15-16 ?Fair value journal

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