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E BusinessCourse My Subscriptions eBook Print Videos Question 12 Incomplete answer Marked out of 6.00 P Flag question Adjusting AFS Securities to Fair Value

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E BusinessCourse My Subscriptions eBook Print Videos Question 12 Incomplete answer Marked out of 6.00 P Flag question Adjusting AFS Securities to Fair Value Tracking Co. holds an AFS bond investment in Fields Corp. The carrying value of the investment is $8,100 at December 31, 2020. Tracking Co. determines the fair value of the investment at the end of the year 2020 to be $9,720. Prepare the journal entry, if any, to record the difference between the fair value and the carrying value. The Fair Value Adjustment account had a zero balance on January 1, 2020. Note: If a journal entry isn't required for the transaction, select "N/A" as the account names and leave the Dr. and Cr. answers blank (zero). Date Dec. 31, 2020 Account Name Please answer all parts of the question. Previous Save Answers Type here to search Dr. Cr. 0 0 0 0 Next

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