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Required information Use the following information for the Quick Study below. (Static) [The following information applies to the questions displayed below.] On December 31. Reggit

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Required information Use the following information for the Quick Study below. (Static) [The following information applies to the questions displayed below.] On December 31. Reggit Company held the following short-term investments in its portfolio of available-for-sale debt securities. Reggit had no short-term investments in its prior accounting periods. QS 15-9 (Static) Adjusting available-for-sale debt securities to fair value LO P3 Prepare the December 31 adjusting entry to report these investments at fair value Complete this question by entering your answers in the tabs below. Prepare the December 31 adjusting entry to report these investments at fair value. Journal entry worksheet Record the year-end adjusting entry for the securities portfolio

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