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blank. Enter O for amounts.) BONITA, INC Balance Sheet Accumulated other Comprehensive Income Accumulated other Comprehensive Loss Additional Paid-in Capital Common Stock Current Assets Current Liabilities Debt Investments Equity Investments Intangible Assets Long-Term Investments Long-term Liabilities Property, Plant, and Equipment Retained Earnings Stockholders' Equity Total Assets Total Current Assets Total Current Liabilities eTextbook Total Intangible Assets Total Liabilities List of Ac Total Liabilities and Stockholders' Equity Total Long-Term Investments Save for Late Total Long-term Liabilities Total Property, Plant, and Equipment Total Stockholders' Equity $ $ Attempts: 0 of 3 used Submit Answer Current Attempt in Progress At December 31, 2025, the available-for-sale debt portfolio for Bonita, Inc. is as follows. Security Cost Fair Value Unrealized Gain (Loss) A $18,375 $15,750 $(2,625) B 13,125 14,700 1,575 C 24,150 26,775 2,625 Total $55,650 $57,225 1,575 Previous fair value adjustment balance-Dr. 420 Fair value adjustment-Dr. $1,155 On January 20, 2026, Bonita, Inc. sold security A for $15,855. The sale proceeds are net of brokerage fees. (a) Your answer is correct. Prepare the adjusting entry at December 31, 2025, to report the portfolio at fair value. (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 titles and enter O for the amounts.) Debit Account Titles and Explanation December 31, 2025 Fair Value Adjustment Unrealized Holding Gain or Loss-Equity eTextbook and Media Debit 1,155 Credit 1,155

blank. Enter O for amounts.) BONITA, INC Balance Sheet Accumulated other Comprehensive Income Accumulated other Comprehensive Loss Additional Paid-in Capital Common Stock Current Assets Current Liabilities Debt Investments Equity Investments Intangible Assets Long-Term Investments Long-term Liabilities Property, Plant, and Equipment Retained Earnings Stockholders' Equity Total Assets Total Current Assets Total Current Liabilities eTextbook Total Intangible Assets Total Liabilities List of Ac Total Liabilities and Stockholders' Equity Total Long-Term Investments Save for Late Total Long-term Liabilities Total Property, Plant, and Equipment Total Stockholders' Equity $ $ Attempts: 0 of 3 used Submit Answer Current Attempt in Progress At December 31, 2025, the available-for-sale debt portfolio for Bonita, Inc. is as follows. Security Cost Fair Value Unrealized Gain (Loss) A $18,375 $15,750 $(2,625) B 13,125 14,700 1,575 C 24,150 26,775 2,625 Total $55,650 $57,225 1,575 Previous fair value adjustment balance-Dr. 420 Fair value adjustment-Dr. $1,155 On January 20, 2026, Bonita, Inc. sold security A for $15,855. The sale proceeds are net of brokerage fees. (a) Your answer is correct. Prepare the adjusting entry at December 31, 2025, to report the portfolio at fair value. (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 titles and enter O for the amounts.) Debit Account Titles and Explanation December 31, 2025 Fair Value Adjustment Unrealized Holding Gain or Loss-Equity eTextbook and Media Debit 1,155 Credit 1,155

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Please help me with part B of this problem. I am having trouble. Fill all necessary cells as shown. I have provided the dropdown that includes the accounts.

blank. Enter O for amounts.) BONITA, INC Balance Sheet Accumulated other Comprehensive Income Accumulated other Comprehensive Loss Additional Paid-in Capital Common Stock Current Assets Current Liabilities Debt Investments Equity Investments Intangible Assets Long-Term Investments Long-term Liabilities Property, Plant, and Equipment Retained Earnings Stockholders' Equity Total Assets Total Current Assets Total Current Liabilities eTextbook Total Intangible Assets Total Liabilities List of Ac Total Liabilities and Stockholders' Equity Total Long-Term Investments Save for Late Total Long-term Liabilities Total Property, Plant, and Equipment Total Stockholders' Equity $ $ Attempts: 0 of 3 used Submit Answer
Transcribed Image Text:blank. Enter O for amounts.) BONITA, INC Balance Sheet Accumulated other Comprehensive Income Accumulated other Comprehensive Loss Additional Paid-in Capital Common Stock Current Assets Current Liabilities Debt Investments Equity Investments Intangible Assets Long-Term Investments Long-term Liabilities Property, Plant, and Equipment Retained Earnings Stockholders' Equity Total Assets Total Current Assets Total Current Liabilities eTextbook Total Intangible Assets Total Liabilities List of Ac Total Liabilities and Stockholders' Equity Total Long-Term Investments Save for Late Total Long-term Liabilities Total Property, Plant, and Equipment Total Stockholders' Equity $ $ Attempts: 0 of 3 used Submit Answer
Current Attempt in Progress At December 31, 2025, the available-for-sale debt portfolio for Bonita, Inc. is as follows. Security Cost Fair Value Unrealized Gain (Loss) A $18,375 $15,750 $(2,625) B 13,125 14,700 1,575 C 24,150 26,775 2,625 Total $55,650 $57,225 1,575 Previous fair value adjustment balance-Dr. 420 Fair value adjustment-Dr. $1,155 On January 20, 2026, Bonita, Inc. sold security A for $15,855. The sale proceeds are net of brokerage fees. (a) Your answer is correct. Prepare the adjusting entry at December 31, 2025, to report the portfolio at fair value. (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 titles and enter O for the amounts.) Debit Account Titles and Explanation December 31, 2025 Fair Value Adjustment Unrealized Holding Gain or Loss-Equity eTextbook and Media Debit 1,155 Credit 1,155
Transcribed Image Text:Current Attempt in Progress At December 31, 2025, the available-for-sale debt portfolio for Bonita, Inc. is as follows. Security Cost Fair Value Unrealized Gain (Loss) A $18,375 $15,750 $(2,625) B 13,125 14,700 1,575 C 24,150 26,775 2,625 Total $55,650 $57,225 1,575 Previous fair value adjustment balance-Dr. 420 Fair value adjustment-Dr. $1,155 On January 20, 2026, Bonita, Inc. sold security A for $15,855. The sale proceeds are net of brokerage fees. (a) Your answer is correct. Prepare the adjusting entry at December 31, 2025, to report the portfolio at fair value. (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 titles and enter O for the amounts.) Debit Account Titles and Explanation December 31, 2025 Fair Value Adjustment Unrealized Holding Gain or Loss-Equity eTextbook and Media Debit 1,155 Credit 1,155
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