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On January 1, the valuation allowance for trading investments account has a zero balance. On December 31, the cost of trading securities portfolio was $64,200,

On January 1, the valuation allowance for trading investments account has a zero balance. On December 31, the cost of trading securities portfolio was $64,200, and the fair value was $67,000.

Required:

Prepare the December 31 adjusting journal entry to record the unrealized gain or loss on trading investments.

Dec. 31 fill in the blank 2

fill in the blank 4

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