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View Policies Current Attempt in Progress Blossom SE has the following data at December 31, 2020. Securities Cost Fair Value Trading 118,200 126,300 Non-trading 104,000
View Policies Current Attempt in Progress Blossom SE has the following data at December 31, 2020. Securities Cost Fair Value Trading 118,200 126,300 Non-trading 104,000 92,900 The non-trading securities are held as a long-term investment. This is the first year of the company's operations Prepare the adjusting entries to report each class of securities at fair value. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter O for the amounts) Account Titles and Explanation Fair Value Adjustment-Trading Unrealized Gain or Loss-Income (To record trading securities at fair value) Debit 8100 Credit 8100 1828 Indicate the statement presentation of each class of securities and the related unrealized gain (loss) accounts Blossom SE Statement of Financial Position (Partial) For the Year Ended December 31, 2020 Blossom SE Income Statement (Partial) C Save for Later Blossom SE Income Statement (Partial) a Attempts: unlimited Submit Answer ENG
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