Last Unguaranteed Financial Inc. purchased the following trading securities during Year 1, its first year of operations: Name Number of Shares Cost Arden Enterprises Inc. 5,000 150,000 French Broad Industries Inc. 2,750 66,000 Pisgah Construction Inc. 1,600 104,000 Total 320,000_ Name Number of Shares Cost Arden Enterprises Inc. 5,000 150,000 French Broad Industries Inc. 2,750 66,000 Pisgah Construction Inc. 1,600 104,000 Total 320,000_ The market price per share for the trading security portfolio on December 31, Year 1, was as follows: Market Price per Share, Dec. 31, Year 1 Market Price per Share, Dec. 31, Year 1 Arden Enterprises Inc. 34 French Broad Industries Inc. 26 Pisgah Construction Inc. 60 "Market Price per Share, Dec. 31, Year 1" Arden Enterprises Inc. 34 French Broad Industries Inc. 26 Pisgah Construction Inc. 60 a. Provide the journal entry to adjust the trading security portfolio to fair value on December 31, Year 1. b. Assume that the market prices of the portfolio were the same on December 31, Year 2, as they were on December 31, Year 1. What would be the journal entry to adjust the portfolio to fair value?

# Mata Pelajaran: Akuntansi# Penjelasan:## Langkah 1: Menghitung Nilai Wajar (Fair Value)### Rumus: ## Langkah 2: Menentukan Selisih Nilai Wajar dengan Harga Perolehan### Rumus: ## Langkah 3: Menyusun Jurnal Entry### Rumus: # Jawaban:# Penjelasan:## Langkah 1:### Fair Value Arden Enterprises Inc.: 170,000\]### Fair Value French Broad Industries Inc.: 71,500\]### Fair Value Pisgah Construction Inc.: 96,000\]## Langkah 2:### Selisih Arden Enterprises Inc.: 150,000 = 5,500\]### Selisih Pisgah Construction Inc.: 104,000 = - # Jawaban Akhir: