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Business, 13.01.2021 17:30 mollyrosario

On January 1, Valuation Allowance for Trading Investments had a zero balance. On December 31, the cost of the trading securities portfolio was $59,600, and the fair value was $61,600. Prepare the December 31 adjusting journal entry to record the unrealized gain or loss on trading investments.

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On January 1, Valuation Allowance for Trading Investments had a zero balance. On December 31, the co...
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