August 2 Purchased Verizon bonds for $36,000. September 7 Purchased Apple bonds for $61,000. September 12...

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August 2 Purchased Verizon bonds for $36,000. September 7 Purchased Apple bonds for $61,000. September 12 Purchased Mastercard bonds for $46,000. October 21 Sold some of its Verizon bonds that had cost $3,300 for $3,400 cash. October 23 Sold some of its Apple bonds that had cost $41,000 for $41,400 cash. November 1 Purchased Walmart bonds for $66,000. December 10 Sold all of its Mastercard bonds for $44,000 cash. Required: 1. Prepare journal entries to record these transactions. 2. Prepare a table to compare the year-end cost and fair values of its trading debt securities. Year-end fair values: Verizon, $34,500; Apple, $35,000; and Walmart, $52,000. 3. Prepare the adjusting entry to record the year-end fair value adjustment for the portfolio of trading debt securities. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare journal entries to record these transactions. View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 Purchased Verizon bonds for $36,000. Note: Enter debits before credits. Date August 02 General Journal Debit Credit August 2 Purchased Verizon bonds for $36,000. September 7 Purchased Apple bonds for $61,000. September 12 Purchased Mastercard bonds for $46,000. October 21 Sold some of its Verizon bonds that had cost $3,300 for $3,400 cash. October 23 Sold some of its Apple bonds that had cost $41,000 for $41,400 cash. November 1 Purchased Walmart bonds for $66,000. December 10 Sold all of its Mastercard bonds for $44,000 cash. Required: 1. Prepare journal entries to record these transactions. 2. Prepare a table to compare the year-end cost and fair values of its trading debt securities. Year-end fair values: Verizon, $34,500; Apple, $35,000; and Walmart, $52,000. 3. Prepare the adjusting entry to record the year-end fair value adjustment for the portfolio of trading debt securities. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare journal entries to record these transactions. View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 Purchased Verizon bonds for $36,000. Note: Enter debits before credits. Date August 02 General Journal Debit Credit