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Ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inpr... C Explain The Steps T... W AMZN | Amazon.co... Amazon Financial R... 26 Basic Financial Ra... Amazon Long-term... Sign in Other fave eBook Calculator
Ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inpr... C Explain The Steps T... W AMZN | Amazon.co... Amazon Financial R... 26 Basic Financial Ra... Amazon Long-term... Sign in Other fave eBook Calculator Print Item Available-for-Sale Securities Chart of Accounts General Journal Analysis Next Level Instructions At the beginning of 2018, Ace Company had the following portfolio of investments in available-for-sale debt securities (all of which were acquired at par value): Security Cost 1/1/18 Fair Value A $50,000 $63,000 B 75,000 71.000 Totals $125.000 $134.000 During 2018, the following transactions occurred: May 3 Purchased C debt securities at their par value for $50.000 July 1 Sold all of the A securities for S63.000 plus interest of $1,000 Dec. 31 Received interest of $900 on the B and C securities. Additionally the following information was 1:51 P 9/18/21 CO? a Vallabie. Security 12/31/18 Fair Value B $82,000 53,000 Required: 1. Prepare journal entries to record the preceding information 2. What is the balance in the Unrealized Holding Gain/Loss account on December 31, 2018
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