Prepare an adjusting entry to record the year end fair value

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Reference no: EM13131391

1. Prepare journal entries to record the preceding transactions and events.

2. Prepare a table to compare the year –end cost and fair values of Perry’s short-term investment in available-for sale securities. The year-end fair values per shares are Gem Co, $ 26.50 PepsiCo, $ 46.50 and Xerox, $ 13.75

3. Prepare an adjusting entry, if necessary, to record the year-end fair values adjusting for the portfolio of short-term investment in available –for-sale securities.

Reference no: EM13131391

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