Question

On January 1, 2014, Valuation Allowance for Trading Investments had a zero balance.
On December 31, 2014, the cost of the trading securities portfolio was $41,500, and the fair value was $46,300. Prepare the December 31, 2014, adjusting journal entry to record the unrealized gain or loss on trading investments.



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  • CreatedFebruary 28, 2014
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