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holding_location (All) Security Type (Multiple Items) Row Labels Total Cost May 31 Fair Value June 30 Fair Value AFS $ 377,717.10 $ 402,420.30 $ 401,099.50
holding_location | (All) | ||
Security Type | (Multiple Items) | ||
Row Labels | Total Cost | May 31 Fair Value | June 30 Fair Value |
AFS | $ 377,717.10 | $ 402,420.30 | $ 401,099.50 |
HTM | $ 6,740,436.30 | $ 7,157,151.70 | $ 7,127,209.90 |
Trading | $ 15,276,874.49 | $ 16,248,720.04 | $ 16,167,136.34 |
Grand Total | $ 22,395,027.89 | $ 23,808,292.04 | $ 23,695,445.74 |
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- For each security classification (i.e., Trading, AFS, HTM), if necessary, determine the unrealized gain or loss to be recognized during June 2021 and propose adjusting journal entries. [6 points]
- Your numbers must be formatted using comma separators and to the nearest cent (2 decimal places).
- Your entries must identify the security classification affected by the entry.
- Your entries must identify the unrealized gain or loss as affecting net income (NI) or other comprehensive income (OCI).
- For each security classification, if necessary, determine the June 30 balance in the Fair Value Adjustment account. [4 points]
- You must identify the dollar value of the balance and the type of balance (debit or credit) for each classification as needed.
- Your numbers must be formatted comma separators and to the nearest cent (2 decimal places).
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