need help with a problem from accounting. PROBLEM (13 Points) Noisne Corporation bought...
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need help with a problem from accounting.
PROBLEM (13 Points) Noisne Corporation bought $221,000 in marketable securities on November 2, 2020. On December 5, they sold some of the investments for $81,000. The marketable securities they sold cost them $76,000. 1. Prepare the journal entry for the purchase of the marketable securities on 11/2/20.. I 2. Prepare the journal entry for the sale of marketable securities on 12/5/20. 3. Prepare the journal entry necessary to adjust the marketable securities to market value on 12/31/20. The market value for the unsold securities owned by the company was $150,000. * Predictions on
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