Jets Bancorp Inc purchased a portfolio of trading securities during 20Y3 The cost and fair value of this portfolio on December 31, 20Y3, was as follows Journalize the entry to record the adjustment of the trading security portfolio to fair value on December 31, 20Y3 Number of Shares Total Fair Valu...

20Y3 Dec 31 Unrealized Loss on T ...

Jets Bancorp Inc. purchased a portfolio of trading securities during 20Y3. The cost and fair value of

Question:

Jets Bancorp Inc. purchased a of trading securities during 20Y3. The cost and fair value of this on December 31, 20Y3, was as follows:

Number of Shares Total Fair Value Name Total Cost $28,800 35,000 Dolphins Inc. 1,600 1,400 $32,000 Marino Company 600 21

Journalize the entry to record the adjustment of the trading security portfolio to fair value on December 31, 20Y3.

Portfolio
A portfolio is a grouping of financial assets such as stocks, bonds, commodities, currencies and cash equivalents, as well as their fund counterparts, including mutual, exchange-traded and closed funds. A portfolio can also consist of non-publicly...

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