On January 1, 20Y9, Valuation Allowance for Trading Investments had a zero balance. On December 31, 20Y9,
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On January 1, 20Y9, Valuation Allowance for Trading Investments had a zero balance. On December 31, 20Y9, the cost of the trading securities portfolio was $72,600, and the fair value was $79,100. Prepare the December 31, 20Y9, adjusting journal entry to record the unrealized gain or loss on trading investments.
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Related Book For 
Accounting
ISBN: 9781337902687
28th Edition
Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider
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