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eBook Show Me How Calculator Print Item Valuing Trading Securities at Fair Value On January 1, Valuation Allowance for Trading Investments had a zero balance.

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eBook Show Me How Calculator Print Item Valuing Trading Securities at Fair Value On January 1, Valuation Allowance for Trading Investments had a zero balance. On December 31, the cost of the trading securities portfolio was $71,000, and the value was $72,900. Prepare the December 31 adjusting journal entry to record the unrealized gain or loss on trading investments. Dec. 31

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