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Valuing Available for Sale Securities at Fair Value On January 1, Valuation Allowance for Available for Sale Investments had a zero balonce, On December 31,

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Valuing Available for Sale Securities at Fair Value On January 1, Valuation Allowance for Available for Sale Investments had a zero balonce, On December 31, the cost of the available-for-sale securities was $261,000, and the four value was $268,130. Prepare the adjusting entry to record the unrealized gain or loss on available for sale investments on December 31. Dec. 31 Valuation Allowance for Available for Sale Investments Unrealized Gain (loss) on Available for Sale Investments

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