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2:50 AA A v2.cengagenow.com C Ch 15-3 Exercises and Problems EX. 15-01.ALGO Fair Value Journal Entries, Available-for-Sale Investments EX.15-07.BLANKSHEET.AL... EX.15-10.BLANKSHEET.AL... The investments of Steelers Inc. include a single investment: 6,000 shares of Bengals Inc. common stock EX.15-11.ALGO purchased on September 12, Year 1, for $8 per share EX.15-15.BLANKSHEET.AL... including brokerage commission. These shares were EX. 15-23.ALGO classified as available-for-sale securities. As of the EX. 15-20.ALGO December 31, Year 1, balance sheet date, the share price declined to $5 per share. a. Journalize the entries to acquire the investment on September 12 and record the adjustment to fair value on December 31, Year 1. Year 1 Sept. 12 Year 1 Dec. 31 b. How is the unrealized gain or loss for available-for-sale investments disclosed on the financial statements? Unrealized Gain (Loss) on Available-for-Sale Investments is reported in the of the Progress: 7/7 items Check My Work 2 more Check My Work uses remaining. Previous