Question
Metlock Company has a stock portfolio valued at $3,300. its cost was $2,500. If the fair value adjusted account has a debit balance of $320,
Metlock Company has a stock portfolio valued at $3,300. its cost was $2,500. If the fair value adjusted account has a debit balance of $320, prepare the journal entry at year ended.
Account Titles and Explanation Debit Credit
______________________________ ______________ ___________________
__________________________ _______________ ___________________
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Financial Accounting
Authors: Libby, Short
6th Edition
978-0071284714, 9780077300333, 71284710, 77300335, 978-0073526881
