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64 points On December 314, 2024 Rendell, Inc, has the following Trading Debt Securities all purchased at par: If the current balance in the Fair
64 points On December 314, 2024 Rendell, Inc, has the following Trading Debt Securities all purchased at par: If the current balance in the Fair Value Adjustment account is a DR of $125 what is the journal entry needed to record the fair value adjustment on December 3121. 2028 : DR Fair Value Adjustment \$1.025; CR Unrealized Holding Gain/Loss-Equity \$1.025 DR Fair Value Adjustment \$1,025: CR Unrealized Holding Gain/Loss-Income \$1,025 DR Unrealized Holding Gain/Loss-Income \$1,150; CR Fair Value Adjustment $1,150 DR Fair Value Adjustment \$1,275; CR Unrealized Holding GairvLoss-Income \$1,275 Clear my selection
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