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At December 31, 2020, the available-for-sale debt portfolio for Bridgeport, Inc. is as follows. Security Cost Fair Value Unrealized Gain (Loss) A $18,375 $15,750 $(2,625
At December 31, 2020, the available-for-sale debt portfolio for Bridgeport, Inc. is as follows. Security Cost Fair Value Unrealized Gain (Loss) A $18,375 $15,750 $(2,625 ) B 13,125 14,700 1,575 24,150 26,775 2,625 Total $55,650 $57,225 1,575 Previous fair value adjustment balance-Dr. 420 Fair value adjustment-Dr. $1,155 On January 20, 2021, Bridgeport, Inc. sold security A for $15,855. The sale proceeds are net of brokerage fees. BRIDGEPORT, INC Balance Sheet December 31, 2020 > > > > +A $ +A $ Your answer is partially correct. Prepare the journal entry for the 2021 sale of security A. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Jan. 20, 2021 Cash Debit Credit
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