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please fill the blanks in 3rd pic. Current Attempt in Progress Windsor Company in its first year of operations provides the following information related to
please fill the blanks in 3rd pic.
Current Attempt in Progress Windsor Company in its first year of operations provides the following information related to one of its available-for-sale debt securities at December 31, 2020. Amortized cost Fair value Expected credit losses $51,100 42,200 12,600 (a) Your Answer Correct Answer Your answer is correct. What is the amount of the credit loss that Windsor should report on this available-for-sale security at December 31, 2020? Amount of the credit loss $ $ 8900 Solution Attempts: 1 of 1 used (b) Prepare the journal entry to record the credit loss, if any (and any other adjustment needed), at December 31, 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit Date December 31, 2020 loss Attempts: 0 of 1 used Submit Answer Save for Later Last saved 22 minutes ago. Saved work will be auto-submitted on the due dateStep by Step Solution
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