Question: please solve a-c please!! Exercise 17-9 At December 31, 2017, the available-for-sale debt portfolio for Sandhill, Inc. is as follows. Fair value adjustment-Dr. $2,420 On

please solve a-c please!!

Exercise 17-9 At December 31, 2017, the available-for-sale debt portfolio for Sandhill, Inc. is as follows. Fair value adjustment-Dr. $2,420 On January 20,2018 , Sandhill, Inc. sold security A for $33,220. The sale proceeds are net of brokerage fees. (a) Prepare the adjusting entry at December 31, 2017, to report the portfolio at fair value. (b) Prepare all sections of a balance sheet that contain the investment-related accounts at December 31, 2017. (c) Prepare the journal entry for the 2018 sale of security A

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