Question
The following data relates to Trading Securities: Please Journalize all of the entries required for this problem and then answer the question below. On December
The following data relates to Trading Securities: Please Journalize all of the entries required for this problem and then answer the question below. On December 1, 2017, a company purchased securities totaling $3,800. On December 31, 2017, the FMV of the securities was $5,200. On December 31, 2018, the FMV was $2,600. On December 31, 2019, the FMV was $3,200.
Please use the blank journal paper that I have uploaded to the files section of Canvas for this class.
The name of your accounts must have the correct names.
Question: The unrealized loss or gains would appear on which financial statement?
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