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No journal entry required Accounts payable Accounts receivable Accumulated depreciationBuilding Accumulated depreciationEquipment Amortization expense Bonds payable Brokerage fee expense Building Cash Common stock, $10 par

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  • No journal entry required

  • Accounts payable

  • Accounts receivable

  • Accumulated depreciationBuilding

  • Accumulated depreciationEquipment

  • Amortization expense

  • Bonds payable

  • Brokerage fee expense

  • Building

  • Cash

  • Common stock, $10 par value

  • Cost of goods sold

  • Debt investments - Available-for-sale

  • Debt investments - Held-to-maturity

  • Debt investments - Trading

  • Depreciation expenseBuilding

  • Depreciation expenseEquipment

  • Discount on bonds payable

  • Dividend revenue

  • Earnings from equity method investments

  • Equipment

  • Equity method investments

  • Fair value adjustment - Available-for-sale

  • Fair value adjustment - Stock

  • Fair value adjustment - Trading

  • Gain on retirement of bonds payable

  • Gain on sale of debt investments

  • Gain on sale of stock investments

  • Income summary

  • Interest expense

  • Interest payable

  • Interest receivable

  • Interest revenue

  • Inventory

  • Land

  • Loss on retirement of bonds payable

  • Loss on sale of debt investments

  • Loss on sale of stock investments

  • Notes payable

  • Paid-in capital in excess of par value, common stock

  • Paid-in capital in excess of par value, preferred stock

  • Paid-in capital, treasury stock

  • Preferred stock, $100 par value

  • Premium on bonds payable

  • Rental expense

  • Rental revenue

  • Retained earnings

  • Salaries expense

  • Sales

  • Sales discounts

  • Sales returns and allowances

  • Stock investments

  • Supplies

  • Supplies expense

  • Treasury stock

  • Unrealized gain - Equity

  • Unrealized gain - Income

  • Unrealized loss - Equity

  • Unrealized loss - Income


Required information Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below.] Kitty Company began operations in the current year and acquired short-term debt investments in trading securities. The year end cost and fair values for its portfollo of these debt investments follow. QS 15-4 (Algo) Fair value adjustment to a portfolio of trading securities LO P1 Prepare the journal entry to record the December 31 year-end fair value adjustment for these debt securities. Journal entry worksheet Record the year-end adjustment to fair value, if any. Note: Enter debits before credits

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