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QUESTION ANSWER Suppose that on December 31 of the eurrent year, Jones Company reported trading investments of $20,000 After careful evaluation, Jones concladed that the

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QUESTION ANSWER Suppose that on December 31 of the eurrent year, Jones Company reported trading investments of $20,000 After careful evaluation, Jones concladed that the market value of the trading imvestments had decreased to S9,500 Date Accounts Debit Credit Fair Value Adjustment-Trading Unrealized Holding Loss Trading 19500 19.500 The adjusting journal entry to record the unrealiced loss would be Date Accounts Debit Credit Fair Value Adstment-Trading Unrealed Holding Loss Trading s00 s00 Date Accousts Debit Credi Unrealioed Hokding Loss-Trading Fair Value Adjustment- Trading 500 Date Accounts Debit Credit Unrealined Holding Loss-Trading Fair Value Adjstment- Trading 500 QUESTION ANSWER Suppose that on December 31 of the eurrent year, Jones Company reported trading investments of $20,000 After careful evaluation, Jones concladed that the market value of the trading imvestments had decreased to S9,500 Date Accounts Debit Credit Fair Value Adjustment-Trading Unrealized Holding Loss Trading 19500 19.500 The adjusting journal entry to record the unrealiced loss would be Date Accounts Debit Credit Fair Value Adstment-Trading Unrealed Holding Loss Trading s00 s00 Date Accousts Debit Credi Unrealioed Hokding Loss-Trading Fair Value Adjustment- Trading 500 Date Accounts Debit Credit Unrealined Holding Loss-Trading Fair Value Adjstment- Trading 500

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