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On December 2 9 , 2 0 2 4 , Adams Apples purchased 2 , 6 0 0 shares of General Electric common stock for

On December 29,2024, Adams Apples purchased 2,600 shares of General Electric common stock for $34 per share. On December 31, the market value of the stock increased to $36 per share. On January 24,2025, all of the shares are sold for $32 per share.
Record the initial investment, any fair value adjustment at the end of 2024, and the sale in 2025.
Note: If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.
\table[[No,Date,,Debit,Credit],[1,\table[[December 29,],[2024]],Investments,,],[,,Cash,,],[,,,,],[2,\table[[December 31,],[2024]],Investments,,],[,,Unrealized Holding Gain-Net Income,,],[,,January 24,2025,Cash,]]
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