Answer Happy

Venture Investments purchased the following securities on August
1, 2020.
5,000 common shares of Rising Star Co: $22,500
10,000 common shares of Meteor Inc.: $65,000
Management decided to classify these investments as fair value
through other comprehensive income. On December 31, 2020, the
market value of the securities was:
Rising Star Co.: $26,250
Meteor Inc.: $59,500
On March 15, 2021, Venture completed the following securities
transaction:
Purchased 500 common shares of Gemini Corp at $18.50 per share,
plus fees of $500. Venture classified this investment as fair value
through net income.
On December 31, 2021, the market value of Venture's investments
were: Rising Star Co.:
$24,750 Meteor Inc.:
$73,000 Gemini Corp.:
$10,200
Required: 1. Prepare the journal entries for:
a) The 2020 year-end adjusting entries for the 2020
investments;
b) The 2021 purchase of Gemini Corp. shares;
c) The 2021 year-end adjusting entries
2. Assuming that Venture has no other investments, what is the
ending balance in accumulated other comprehensive income on
December 31, 2021?