Pronghorn Corporation, a Canadian-based international company that follows IFRS, has the following securities in its portfolio of investments acquired for trading purposes and accounted for using the FV-NI method on December 31, 2019: Investments Carrying Amount (before adjustment) Fair Value 1,300 shares of David Jones Inc., common $72,500 $67,900 4,900 shares of Hearn Corp., common 166,600 161,800 450 shares of Alessandro Inc., preferred 76,500 79,000 $315,600 $308,700 In 2020, Pronghorn completed the following securities transactions: Mar. 1 Sold the 1,300 shares of David Jones Inc. common at $48 per share, less fees of $600. Apr. 1 Bought 900 shares of Oberto Ltd. common at $71 per share, plus fees of $1,100. Pronghorn Corporations portfolio of trading securities appeared as follows on December 31, 2020: Investments Original Cost Fair Value 4,900 shares of Hearn Corp., common $166,600 $161,800 900 shares of Oberto Ltd., common 63,900 61,600 450 shares of Alessandro Inc., preferred 76,500 74,600 $307,000 $298,000 Assume that the company does not recognize and report dividends and other components of investment gains and losses separately.

Your answer is partially correct. Try again. Prepare the Pronghorn Corporation general journal entry to record the adjusting entry for December 31, 2019. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Debit Credit SHOW LIST OF ACCOUNTS LINK TO TEXT

Your answer is partially correct. Try again. Prepare the Pronghorn Corporation general journal entry to record the sale of the David Jones Inc. shares. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Debit Credit

Prepare the Pronghorn Corporation general journal entry to record the purchase of the Oberto Ltd. shares. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Prepare the Pronghorn Corporation general journal entry to record the adjusting entry for December 31, 2020. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)