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NEED BALANCE SHEET with correct account names Exercise 17-9 At December 31, 2013, the available-for-sale equity portfolio for Steffi Graf, Inc. is as follows. Unrealized
NEED BALANCE SHEET with correct account names
Exercise 17-9 At December 31, 2013, the available-for-sale equity portfolio for Steffi Graf, Inc. is as follows. Unrealized Security Cost Fair Value Gain (Loss) $(3,598 ) $25,183 17,988 33,097 $76,268 $21,585 20,146 36,695 $78,426 2,158 3,598 2,158 288 $1,870 Total Previous fair value adjustment balance-Dr. Fair value adjustment-Dr. On January 20, 2014, Steffi Graf, Inc. sold security A for $22,017. The sale proceeds are net of brokerage fees, Your answer is correct, Prepare the adjusting entry at December 31, 2013, to report the portfolio at fair value. (Credit account titles are automatically indented when amo If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Debit Credit Fair Value Adjustment 1870 Unrealized Holding Gair 1870
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