Question: could you help me with this question i have attached the information please and thank you Trading Securities Instructions Chart of Accounts General Journal Instructions

could you help me with this question i have attached the information please and thank you

could you help me with this question i have attached the informationplease and thank you Trading Securities Instructions Chart of Accounts General JournalInstructions X On January 1, 2019, Seminole Inc. purchased 400 shares ofCornett Company common stock at $40 per share. Assume that on December

Trading Securities Instructions Chart of Accounts General Journal Instructions X On January 1, 2019, Seminole Inc. purchased 400 shares of Cornett Company common stock at $40 per share. Assume that on December 31, 2019, the investment in Cornett Company stock has a market value of $14,500. Required: Prepare the year-end journal entry to record the unrealized gain or loss.On ma 111 113 121 141 152 181 189 191 CHART OF ACCOUNTS Seminole Inc. General Ledger ASSETS REVENUE Cash 411 Sales Revenue Investment in Equity Securities Accounts Receivable Inventory Prepaid Insurance Equipment Accumulated Depreciation Investment in HeldteMaturity Debt Securities LIABILI'I1ES 431 500 511 512 521 532 540 Interest Income EXPENSES Cost of Goods Sold Insurance Expense Utilities Expense Salaries Expense Bad Debt Expense Interest Expense Chart of Accounts 141 Inventory EXPENSES 152 Prepaid Insurance 500 Cost of Goods Sold 181 Equipment 511 Insurance Expense 189 Accumulated Depreciation 512 Utilities Expense 191 Investment in Held-to-Maturity Debt Securities 521 Salaries Expense 532 Bad Debt Expense LIABILITIES 540 Interest Expense 211 Accounts Payable 541 Depreciation Expense 231 Salaries Payable 559 Miscellaneous Expenses 250 Unearned Revenue 910 Income Tax Expense 261 Income Taxes Payable 912 Unrealized Holding Gain/Loss: Equity Securities EQUITY 311 Common Stock 331 Retained EarningsGeneral Journal Prepare the journal entry to record the unrealized gain or loss on December 31, 2019. General Journal Instructions PAGE 1 GENERAL JOURNAL DATE ACCOUNT TITLE POST. REF. DEBIT CREDIT 1 2

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