Question: solve all On January 1 , 2 0 2 5 , Skysong Inc. had the following balance sheet. Skysong Inc. Balance Sheet As of January
solve all
On January Skysong Inc. had the following balance sheet.
Skysong Inc.
Balance Sheet
As of January
The accumulated other comprehensive income related to unrealized holding gains on availableforsale debt securities The fair value
of Skysong Inc.s availableforsale debt securities at December was $; its cost was $ No securities were
purchased during the year. Skysong Inc.s income statement for was as follows. Ignore income taxes.
a
Prepare the journal entry to record the sale of the availableforsale debt securities in List all debit entries before credit
entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select No
Entry" for the account titles and enter for the amounts.
Account Titles and Explanation
Debit
Credit
Your answer is partially correct.
Prepare the journal entry to record the Unrealized Holding Gain or Loss for List debit entry before credit entry. Credit account
titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select No Entry" for the account
Prepare a statement of comprehensive income for
Prepare a balance sheet as of December
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