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Global Commerce Corporation purchased trading debt investments for $136,000 on December 31, 2018. There is a decrease of $3,400 in the fair value of the
Global Commerce Corporation purchased trading debt investments for $136,000 on December 31, 2018. There is a decrease of $3,400 in the fair value of the trading debt investments by the end of the year 2019. Which of the following is the correct journal entry?
A
| Unrealized Holding Losslong dashTrading | 3,400 | |
| Fair Value Adjustmentlong dashTrading | 3,400 |
B.
| Fair Value Adjustmentlong dashTrading | 3,400 | |
| Unrealized Holding Losslong dashTrading | 3,400 |
C.
| Trading Debt Investments | 3,400 | |
| Unrealized Holding Losslong dashTrading | 3,400 |
D.
| Unrealized Holding Losslong dashTrading | 3,400 | |
| Retained Earnings |
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