Question: On Juno 30, 2015, MotroModia, Inc, purchased 10,000 shares of Mitok stock for $20 per share. The following information pertains to the fair value of

value of Mitek stock 12/31/2015 12/31/2016 $24 31 Required: Assume that management

On Juno 30, 2015, MotroModia, Inc, purchased 10,000 shares of Mitok stock for $20 per share. The following information pertains to the fair value of Mitek stock 12/31/2015 12/31/2016 $24 31 Required: Assume that management considers the stock to be available-for-sale securities. Prepare the joumal entries required on each date given. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the purchase of 10,000 shares of Mitek for $20 per share. Note: Enter debits before credits Date General Journal Debit Credit June 30, 2015 Record entry Clear entry View general journal MacBook 298

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