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Glanville Company had the following trading securities in its portfolio at December 3 1 . The Fair Value Adjustment - Trading account had a balance

Glanville Company had the following trading securities in its portfolio at December

31 .

The Fair Value Adjustment

-

Trading account had a balance of zero prior to any year

-

end adjustment. Prepare the appropriate adjusting journal entry for this portfolio.

\

table

[[

Short

-

Term Debt Investments,Cost,Fair Value

], [

XBM

,

24, 500,

25, 900

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