![]() Prepare the journal entry to record the sale of the Bilby Corp. Prepare the adjusting journal entry needed on December 31, 2022. The company does not recognize and report dividends and other components of investment gains and losses separately. The fair values of the securities on December 31, 2023, were as follows: Moonstar shares $19,300 and Radius shares $20,500. ![]() provided you with the following pre- adjustment information regarding its portfolio of investments held for short-term profit-taking: During 2023, the Bilby shares were sold for $9,500. FV-NI Investments 200 Unrealized Gain or Loss ($39,800-$39,600) 200 E9.7 (LO 3) (FV-NI Equity Investments) On December 31, 2022, Zurich Corp. Cash 9,500 Realized Gain/Loss on disposal of Investments -FV NI 500 FV-NI Investments 9,000 C. DecemInvestments Carrying Amount Fair Value Moonstar Corp. ![]()
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