Questions
Problem #4 – Logical Operators: Movie Ticket Price The local movie theater in town has a...

Problem #4 – Logical Operators: Movie Ticket Price

The local movie theater in town has a ticket price of $12.00.

But, if you are a senior (55 and older), or are under 10, or are seeing a matinee which screens from 3 pm to 5 pm, you get the discounted price of $7.00, nice!

Hint 1: "55 and older" is INCLUSIVE

Hint 2: under 10 is EXCLUSIVE

Hint 3: the range 3 to 5 is INCLUSIVE

Hint 4: limit 1 per patron (i.e., it doesn’t compound)

Hint 5: considering there’s 3 am and pm and 5 am and pm, using a 24-hour clock (aka military time) may be an easier option (0000 to 2359)

Determine which of the two prices the customer is eligible for.

  • Givens:

    • Time of Movie (Assume whole numbers here)

    • Age of the customer

  • Result To Print Out:

    • "The ticket price is X"

Must use C# coding using conditional statements

In: Computer Science

Forte Inc. produces and sells theater set designs and costumes. The company began operations on January...

Forte Inc. produces and sells theater set designs and costumes. The company began operations on January 1, Year 1. The following transactions relate to securities acquired by Forte Inc., which has a fiscal year ending on December 31:

Record these transactions on page 10:

Year 1
Jan. 22 Purchased 22,000 shares of Sankal Inc. as an available-for-sale security at $18 per share, including the brokerage commission.
Mar. 8 Received a cash dividend of $0.22 per share on Sankal Inc. stock.
Sep. 8 A cash dividend of $0.25 per share was received on the Sankal stock.
Oct. 17 Sold 3,000 shares of Sankal Inc. stock at $16 per share less a brokerage commission of $75.
Dec. 31 Sankal Inc. is classified as an available-for-sale investment and is adjusted to a fair value of $25 per share. Use the valuation allowance for available-for-sale investments account in making the adjustment.

Record these transactions on page 11:

Year 2
Jan. 10 Purchased an influential interest in Imboden Inc. for $720,000 by purchasing 96,000 shares directly from the estate of the founder of Imboden Inc. There are 300,000 shares of Imboden Inc. stock outstanding.
Mar. 10 Received a cash dividend of $0.30 per share on Sankal Inc. stock.
Sep. 12 Received a cash dividend of $0.25 per share plus an extra dividend of $0.05 per share on Sankal Inc. stock.
Dec. 31 Received $57,600 of cash dividends on Imboden Inc. stock. Imboden Inc. reported net income of $450,000 in Year 2. Forte Inc. uses the equity method of accounting for its investment in Imboden Inc.
Dec. 31 Sankal Inc. is classified as an available-for-sale investment and is adjusted to a fair value of $22 per share. Use the valuation allowance for available-for-sale investments account in making the adjustment for the decrease in fair value from $25 to $22 per share.
Required:
1. Journalize the entries to record these transactions. Refer to the information given and the Chart of Accounts provided for the exact wording of the answer choices for text entries.
2. Prepare the investment-related asset and stockholders’ equity balance sheet presentation for Forte Inc. on December 31, Year 2, assuming that the Retained Earnings balance on December 31, Year 2, is $389,000. Refer to the Chart of Accounts and Amount Descriptions provided for the exact wording of the answer choices for text entries. “Less” or “Plus” will automatically appear if it is required. For those boxes in which you must enter subtracted or negative numbers use a minus sign.

In: Accounting

Problem 3-8A The Triquel Theater Inc. was recently formed. It began operations in March 2017. The...

Problem 3-8A

The Triquel Theater Inc. was recently formed. It began operations in March 2017. The Triquel is unique in that it will show only triple features of sequential theme movies. On March 1, the ledger of The Triquel showed Cash $18,800; Land $40,800; Buildings (concession stand, projection room, ticket booth, and screen) $22,000; Equipment $16,000; Accounts Payable $14,800; and Common Stock $82,800. During the month of March, the following events and transactions occurred:
Mar. 2 Rented the first three Star Wars movies (Star Wars®, The Empire Strikes Back, and The Return of the Jedi) to be shown for the first three weeks of March. The film rental was $9,600; $1,100 was paid in cash and $8,500 will be paid on March 10.
3 Ordered the first three Star Trek movies to be shown the last 10 days of March. It will cost $500 per night.
9 Received $10,400 cash from admissions.
10 Paid balance due on Star Wars movies' rental and $2,900 on March 1 accounts payable.
11 The Triquel Theater contracted with R. Lazlo to operate the concession stand. Lazlo agrees to pay The Triquel 15% of gross receipts, payable monthly, for the rental of the concession stand.
12 Paid advertising expenses $600.
20 Received $7,900 cash from customers for admissions.
20 Received the Star Trek movies and paid rental fee of $5,700.
31 Paid salaries of $3,700.
31 Received statement from R. Lazlo showing gross receipts from concessions of $10,200 and the balance due to The Triquel of $1,530 ($10,200 × .15) for March. Lazlo paid half the balance due for the rental of the concession stand and will remit the remainder on April 5.
31 Received $19,800 cash from customers for admissions.

1. Journalize the March transactions. The Triquel records admission revenue as service revenue, concession revenue as rent revenue, and film rental expense as rent expense. (If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)

2. Post the March journal entries to the ledger. (Post entries in the order of information presented in the question.)

3. Prepare a trial balance on March 31, 2017.

In: Accounting

Forte Inc. produces and sells theater set designs and costumes. The company began operations on January...

Forte Inc. produces and sells theater set designs and costumes. The company began operations on January 1, Year 1. The following transactions relate to securities acquired by Forte Inc., which has a fiscal year ending on December 31:

Record these transactions on page 10:

Year 1

Jan. 22 Purchased 22,000 shares of Sankal Inc. as an available-for-sale security at $18 per share, including the brokerage commission.
Mar. 8 Received a cash dividend of $0.22 per share on Sankal Inc. stock.
Sep. 8 A cash dividend of $0.25 per share was received on the Sankal stock.
Oct. 17 Sold 3,000 shares of Sankal Inc. stock at $16 per share less a brokerage commission of $75.
Dec. 31 Sankal Inc. is classified as an available-for-sale investment and is adjusted to a fair value of $25 per share. Use the valuation allowance for available-for-sale investments account in making the adjustment.

Record these transactions on page 11:

Year 2

Jan. 10 Purchased an influential interest in Imboden Inc. for $720,000 by purchasing 96,000 shares directly from the estate of the founder of Imboden Inc. There are 300,000 shares of Imboden Inc. stock outstanding.
Mar. 10 Received a cash dividend of $0.30 per share on Sankal Inc. stock.
Sep. 12 Received a cash dividend of $0.25 per share plus an extra dividend of $0.05 per share on Sankal Inc. stock.
Dec. 31 Received $57,600 of cash dividends on Imboden Inc. stock. Imboden Inc. reported net income of $450,000 in Year 2. Forte Inc. uses the equity method of accounting for its investment in Imboden Inc.
Dec. 31 Sankal Inc. is classified as an available-for-sale investment and is adjusted to a fair value of $22 per share. Use the valuation allowance for available-for-sale investments account in making the adjustment for the decrease in fair value from $25 to $22 per share.
Required:
1. Journalize the entries to record these transactions. Refer to the information given and the Chart of Accounts provided for the exact wording of the answer choices for text entries.
2.

Prepare the investment-related asset and stockholders’ equity balance sheet presentation for Forte Inc. on December 31, Year 2, assuming that the Retained Earnings balance on December 31, Year 2, is $389,000. Refer to the Chart of Accounts and Amount Descriptions provided for the exact wording of the answer choices for text entries. “Less” or “Plus” will automatically appear if it is required. For those boxes in which you must enter subtracted or negative numbers use a minus sign.

1a. Journalize the entries to record Year 1 transactions. Be sure to enter the year as part of the date for the first entry on each page. Refer to the information given and the Chart of Accounts provided for the exact wording of the answer choices for text entries.

PAGE 10

JOURNAL

ACCOUNTING EQUATION

DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY

1

2

3

4

5

6

7

8

9

10

11

1b. Journalize the entries to record Year 2 transactions. Be sure to enter the year as part of the date for the first entry on each page. Refer to the information given and the Chart of Accounts provided for the exact wording of the answer choices for text entries.

PAGE 11

JOURNAL

ACCOUNTING EQUATION

DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY

1

2

3

4

5

6

7

8

9

10

11

12

2. Prepare the investment-related asset and stockholders’ equity balance sheet presentation for Forte Inc. on December 31, Year 2, assuming that the Retained Earnings balance on December 31, Year 2, is $389,000. Refer to the Chart of Accounts and Amount Descriptions provided for the exact wording of the answer choices for text entries. “Less” or “Plus” will automatically appear if it is required. For those boxes in which you must enter subtracted or negative numbers use a minus sign.

Forte Inc.

Balance Sheet (selected items)

December 31, Year 2

1

Current assets:

2

3

4

5

6

Investments:

7

8

9

Stockholders’ equity:

10

11

In: Accounting

*****IN JAVA**** Implement a theater seating chart  as a two-dimensional array of ticket prices, like this: {10,...

*****IN JAVA****

Implement a theater seating chart  as a two-dimensional array of ticket prices, like this:

{10, 10, 10, 10, 10, 10, 10, 10, 10, 10}

{10, 10, 10, 10, 10, 10, 10, 10, 10, 10}

{10, 10, 10, 10, 10, 10, 10, 10, 10, 10}

{10, 10, 20, 20, 20, 20, 20, 20, 10, 10}

{10, 10, 20, 20, 20, 20, 20, 20, 10, 10}

{10, 10, 20, 20, 20, 20, 20, 20, 10, 10}

{20, 20, 30, 30, 40, 40, 30, 30, 20, 20}

{20, 30, 30, 40, 50, 50, 40, 30, 30, 20}

{30, 40, 50, 50, 50, 50, 50, 50, 40, 30}

Write a code snippet that:

- uses a for loop to print the array with spaces between the seat prices

- prompts users to pick a row and a seat using a while loop and a sentinel to stop the loop.

- outputs the seat price to the user.

In: Computer Science

Forte Inc. produces and sells theater set designs and costumes. The company began operations on January...

Forte Inc. produces and sells theater set designs and costumes. The company began operations on January 1, 2016. The following transactions relate to securities acquired by Forte Inc., which has a fiscal year ending on December 31:
Record these transactions on page 10:
2016Jan.22Purchased 29,800 shares of Sankal Inc. as an available-for-sale security at $18 per share, including the brokerage commission.Mar.8Received a cash dividend of $0.20 per share on Sankal Inc. stock.Sep.8A cash dividend of $0.24 per share was received on the Sankal stock.Oct.17Sold 3,800 shares of Sankal Inc. stock at $16 per share, less a brokerage commission of $75.Dec.31Sankal Inc. is classified as an available-for-sale investment and is adjusted to a fair value of $25 per share. Use the valuation allowance for available-for-sale investments account in making the adjustment.
Record these transactions on page 11:
2017Jan.10Purchased an influential interest in Imboden Inc. for $468,000 by purchasing 60,000 shares directly from the estate of the founder of Imboden Inc. There are 200,000 shares of Imboden Inc. stock outstanding.Mar.10Received a cash dividend of $0.32 per share on Sankal Inc. stock.Sep.12Received a cash dividend of $0.24 per share plus an extra dividend of $0.06 per share on Sankal Inc. stock.Dec.31Received $61,600 of cash dividends on Imboden Inc. stock. Imboden Inc. reported net income of $449,600 in 2017. Forte Inc. uses the equity method of accounting for its investment in Imboden Inc.Dec.31Sankal Inc. is classified as an available-for-sale investment and is adjusted to a fair value of $21 per share. Use the valuation allowance for available-for-sale investments account in making the adjustment for the decrease in fair value from $25 to $21 per share.
Required:A. Journalize the entries to record these transactions. Be sure to enter the year as part of the date for the first entry on each page. Refer to the information given and the Chart of Accounts provided for the exact wording of the answer choices for text entries.B. Prepare the investment-related asset and stockholders’ equity balance sheet presentation for Forte Inc. on December 31, 2017, assuming the Retained Earnings balance on December 31, 2017, is $405,000. Refer to the Chart of Accounts and Amount Descriptions provided for the exact wording of the answer choices for text entries. “Less” or “Plus” will automatically appear if it is required. For those boxes in which you must enter subtracted or negative numbers use a minus sign.

In: Accounting

Theater tickets for a hit show have four prices depending on seating. The prices ae $50,...

  1. Theater tickets for a hit show have four prices depending on seating. The prices ae $50, $100, $150 and $200. The probability a ticket sells for $50 is .4. The probability it sells for $100 is .15. The probability it sells for $150 is .2.
  1. Find the probability a ticket sells for $200.

  1. Find the expected cost (mean cost) of a ticket.

  1. Find the standard deviation for the cost of a ticket
  1. Find the variance for the cost of a ticket
  1. A person pays $2.00 to play the following carnival game: A die is rolled one time. If an even number comes up the person pays an additional $2.50. If it comes up odd, the player receives a payment of $5.00 and gets the $2.00 back. Find the players expected profit if (s)he plays this game.
  1. Sixty percent of all shoppers in a given shopping center use credit cards for their purchases. If 20 shoppers make purchases, find the probability that:
  1. exactly 12 use credit cards.

  1. exactly 7 do not use credit cards.
  1. At most 10 use credit cards
  1. More than 13 use credit cards
  1. The probability a person passes the Bar exam is .46. If 290 people in this city take the exam:
  1. Find the mean number who pass.

  1. Find the standard deviation for the number who pass.
  1. Find each of the following probabilities for a value chosen at random from a Standard Normal (Z) distribution.
  1. the probability the value is more than 2.7

  1. the probability the value is between –2.01 and 2.21

  1. The probability the value is less than –3.2
  1. The hourly wage for workers in a fast food restaurant is Normally distributed with a mean of $5.85 and a standard deviation of $0.35. If a worker is selected at random, find the probability that:
  1. (S)he earns less than $5.50 an hour

  1. (S)he earns between $5.90 and $6.40 an hour.

  1. (S)he earns at least $6.00 an hour

  1. The mean cost of living for a family of four in cities across the country is $65,351 with a standard deviation of $7712. A company is thinking of relocating to a city with a cost of living that is in the bottom 40% of all the cities. Assuming that the distribution is Normally distributed, what is the cutoff score for a city that would make it eligible for consideration by this company?
  1. 45% of people have type O blood . If 400 volunteers show up to donate blo, use the Normal approximation to the binomial to find the probability that more than 175 but at most 182 have type O blood.
  1. The mean annual rainfall in a particular region is 80 inches with a standard deviation of 8 inches. If a sample of 32 years is selected, what is the probability that the mean annual rainfall for this sample will be less than 79 inches?

In: Statistics and Probability

Java I'm trying to create a program that replicates a theater ticket reservation system. I have...

Java

I'm trying to create a program that replicates a theater ticket reservation system. I have a Seat class with members row(integer), seat(character) and ticketType(character). Where a ticket type can be 'A' adult, 'C' child, 'S' senior, or '.' recorded as empty. I have a Node generic class that points to other nodes(members): up, Down. Left, Right. It also has a generic payload. Lastly, I have an Auditorium class which is also generic. its member is a First Node<T>.

As you can see, its a linked list of nodes where each node is supposed to be a seat (Node<Seat>). The Auditorium is supposed to be a grid of Seat Nodes that contain the seat information within. This way, I can later use the information to intake customer orders and check availability, recommend a best option if not available, etc.

My problem is I'm having trouble creating an overloaded constructor for the Auditorium class. The current auditorium seating information is held in a text file with text such as:

AA.AA....AAA..AACCSS
..AC.....A.........A
S...........AACCCAAC
.AA...CC.SS.....SSC.
A.A..S...S..A......A

I need to add each seat into a node into the auditorium grid before asking the customer for their order to know seat availability.

I tried creating this LONG constructor, but I think the issue is converting the item of type Seat into an item or generic T ((T)currentSeat). This causes the auditorium to output A as ticket type for EVERY single seat in the auditorium. Could you give advice on how to better create an auditorium through the constructor?


       for(int i = 0 ; i < rows ; i++)
       {
           //System.out.println("row " + i);
           currentRowFromFile = readFile.nextLine();
          
           for (int j = 0; j < columns; j++)
           {
               //System.out.println( "column " + j);
               currentSeat.setRow(i);
               currentSeat.setSeat((char)('A'+ j));
               //System.out.print("seat column ");
               //System.out.println((char)('A'+ j));
               currentSeat.setTicketType(currentRowFromFile.charAt(j));
               if(j == 0 && i == 0)
               {
                   First = new Node<T> ((T)currentSeat);  
                   lastNodeCreated = First;
                   thisRowsFirstElement = First;
                   System.out.println("The node being added for index " + i + " " + j + "has seat type: " + currentSeat.getTicketType());
               }
               if(j == 0 && i!= 0) // new row first element
               {
                   //first column on a different row
                   Node<T>newNodeToInsert = new Node<T>((T)currentSeat);
                   thisRowsFirstElement.setDown(newNodeToInsert);   //move down
                   thisRowsFirstElement.getDown().setUp(thisRowsFirstElement);
                   thisRowsFirstElement = thisRowsFirstElement.getDown(); // now continue on this row
                   lastNodeCreated = thisRowsFirstElement;
                   System.out.println("The node being added for index " + i + " " + j + "has seat type: " + currentSeat.getTicketType());
               }
               else if(i == 0 && j != 0) // top row
               {
                   Node<T> newNodeToInsert = new Node<T>((T)currentSeat);
                   lastNodeCreated.setRight(newNodeToInsert);
                   lastNodeCreated.getRight().setLeft(lastNodeCreated); // <-->
                   lastNodeCreated = lastNodeCreated.getRight();  
                   System.out.println("The node being added for index " + i + " " + j + "has seat type: " + currentSeat.getTicketType());
               }
               else if(i != 0 && j != 0) // not top row or first column
               {
                   Node <T> newNodeToInsert = new Node<T> ((T)currentSeat);
                   lastNodeCreated.setRight(newNodeToInsert);
                   lastNodeCreated.getRight().setLeft(lastNodeCreated);
                   lastNodeCreated.getRight().setUp(lastNodeCreated.getUp().getRight());
                   lastNodeCreated.getUp().getRight().setDown(lastNodeCreated.getRight());
                   lastNodeCreated = lastNodeCreated.getRight();
                   System.out.println("The node being added for index " + i + " " + j + "has seat type: " + currentSeat.getTicketType());
               }
           }
  

In: Computer Science

Forte Inc. produces and sells theater set designs and costumes. The company began operations on January...

Forte Inc. produces and sells theater set designs and costumes. The company began operations on January 1, Year 1. The following transactions relate to securities acquired by Forte Inc., which has a fiscal year ending on December 31:

Year 1

Jan. 22 Purchased 23,600 shares of Sankal Inc. as an available-for-sale security at $18 per share, including the brokerage commission.
Mar. 8 Received a cash dividend of $0.21 per share on Sankal Inc. stock.
Sep. 8 A cash dividend of $0.24 per share was received on the Sankal stock.
Oct. 17 Sold 4,700 shares of Sankal Inc. stock at $15 per share less a brokerage commission of $60.
Dec. 31 Sankal Inc. is classified as an available-for-sale investment and is adjusted to a fair value of $26 per share. Use the valuation allowance for available-for-sale investments account in making the adjustment.

Record these transactions on page 11:

Year 2

Jan. 10 Purchased an influential interest in Imboden Inc. for $1,287,000 by purchasing 165,000 shares directly from the estate of the founder of Imboden Inc. There are 500,000 shares of Imboden Inc. stock outstanding.
Mar. 10 Received a cash dividend of $0.29 per share on Sankal Inc. stock.
Sep. 12 Received a cash dividend of $0.24 per share plus an extra dividend of $0.06 per share on Sankal Inc. stock.
Dec. 31 Received $56,400 of cash dividends on Imboden Inc. stock. Imboden Inc. reported net income of $489,800 in Year 2. Forte Inc. uses the equity method of accounting for its investment in Imboden Inc.
Dec. 31 Sankal Inc. is classified as an available-for-sale investment and is adjusted to a fair value of $21 per share. Use the valuation allowance for available-for-sale investments account in making the adjustment for the decrease in fair value from $26 to $21 per share.
Required:
1. Journalize the entries to record these transactions. Refer to the information given and the Chart of Accounts provided for the exact wording of the answer choices for text entries.
Prepare the investment-related asset and stockholders’ equity balance sheet presentation for Forte Inc. on December 31, Year 2, assuming the Retained Earnings balance on December 31, Year 2, is $376,000. Refer to the Chart of Accounts and Amount Descriptions provided for the exact wording of the answer choices for text entries. “Less” or “Plus” will automatically appear if it is required. For those boxes in which you must enter subtracted or negative numbers use a minus sign
HART OF ACCOUNTS
Forte Inc.
General Ledger
ASSETS
110 Cash
111 Petty Cash
120 Accounts Receivable
121 Allowance for Doubtful Accounts
131 Notes Receivable
132 Interest Receivable
141 Merchandise Inventory
145 Office Supplies
146 Store Supplies
151 Prepaid Insurance
161 Investments-Sankal Inc.
163 Investment in Imboden Inc. Stock
165 Valuation Allowance for Trading Investments
166 Valuation Allowance for Available-for-Sale Investments
181 Land
191 Store Equipment
192 Accumulated Depreciation-Store Equipment
193 Office Equipment
194 Accumulated Depreciation-Office Equipment
LIABILITIES
210 Accounts Payable
221 Notes Payable
231 Interest Payable
241 Salaries Payable
251 Sales Tax Payable
EQUITY
311 Common Stock
312 Paid-In Capital in Excess of Par-Common Stock
321 Preferred Stock
322 Paid-In Capital in Excess of Par-Preferred Stock
331 Treasury Stock
332 Paid-In Capital from Sale of Treasury Stock
340 Retained Earnings
350 Unrealized Gain (Loss) on Available-for-Sale Investments
351 Cash Dividends
352 Stock Dividends
390 Income Summary
REVENUE
410 Sales
611 Interest Revenue
612 Dividend Revenue
621 Income of Imboden Inc.
631 Gain on Sale of Investments
641 Unrealized Gain on Trading Investments
EXPENSES
511 Cost of Merchandise Sold
512 Bad Debt Expense
515 Credit Card Expense
516 Cash Short and Over
520 Salaries Expense
531 Advertising Expense
532 Delivery Expense
533 Repairs Expense
534 Selling Expenses
535 Rent Expense
536 Insurance Expense
537 Office Supplies Expense
538 Store Supplies Expense
561 Depreciation Expense-Store Equipment
562 Depreciation Expense-Office Equipment
590 Miscellaneous Expense
710 Interest Expense
721 Loss of Imboden Inc.
731 Loss on Sale of Investments
741 Unrealized Loss on Trading Investments

In: Accounting

Forte Inc. produces and sells theater set designs and costumes. The company began operations on January...

Forte Inc. produces and sells theater set designs and costumes. The company began operations on January 1, Year 1. The following transactions relate to securities acquired by Forte Inc., which has a fiscal year ending on December 31:

Record these transactions on page 10:

Year 1

Jan. 22 Purchased 19,600 shares of Sankal Inc. as an available-for-sale security at $19 per share, including the brokerage commission.
Mar. 8 Received a cash dividend of $0.21 per share on Sankal Inc. stock.
Sep. 8 A cash dividend of $0.24 per share was received on the Sankal stock.
Oct. 17 Sold 1,600 shares of Sankal Inc. stock at $15 per share less a brokerage commission of $80.
Dec. 31 Sankal Inc. is classified as an available-for-sale investment and is adjusted to a fair value of $25 per share. Use the valuation allowance for available-for-sale investments account in making the adjustment.

Record these transactions on page 11:

Year 2

Jan. 10 Purchased an influential interest in Imboden Inc. for $886,950 by purchasing 121,500 shares directly from the estate of the founder of Imboden Inc. There are 450,000 shares of Imboden Inc. stock outstanding.
Mar. 10 Received a cash dividend of $0.29 per share on Sankal Inc. stock.
Sep. 12 Received a cash dividend of $0.24 per share plus an extra dividend of $0.06 per share on Sankal Inc. stock.
Dec. 31 Received $53,800 of cash dividends on Imboden Inc. stock. Imboden Inc. reported net income of $407,200 in Year 2. Forte Inc. uses the equity method of accounting for its investment in Imboden Inc.
Dec. 31 Sankal Inc. is classified as an available-for-sale investment and is adjusted to a fair value of $23 per share. Use the valuation allowance for available-for-sale investments account in making the adjustment for the decrease in fair value from $25 to $23 per share.
Required:
1. Journalize the entries to record these transactions. Refer to the information given and the Chart of Accounts provided for the exact wording of the answer choices for text entries.
2. Prepare the investment-related asset and stockholders’ equity balance sheet presentation for Forte Inc. on December 31, Year 2, assuming the Retained Earnings balance on December 31, Year 2, is $415,000. Refer to the Chart of Accounts and Amount Descriptions provided for the exact wording of the answer choices for text entries. “Less” or “Plus” will automatically appear if it is required. For those boxes in which you must enter subtracted or negative numbers use a minus sign.

In: Accounting