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Required 1 Required 2 Assume that Chow sold the stock on January 20, 2022, for $30.3 million. Prepare the journal entries to record the
Required 1 Required 2 Assume that Chow sold the stock on January 20, 2022, for $30.3 million. Prepare the journal entries to record the sale. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).). No 1 Date General Journal January 20, 2022 Loss on investments (unrealized, NI) Fair value adjustment 2 January 20, 2022 Cash Fair value adjustment Investment in equity securities < Required 1 Required 2 Debit Credit 5.3 5.3 30.3 20.6 50.9
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