On January 1, 2012, Valuation Allowance for Available-for-Sale Securities had a zero balance. On December 31, 2012,
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On January 1, 2012, Valuation Allowance for Available-for-Sale Securities had a zero balance. On December 31, 2012, the cost of the available-for-sale securities was $62,400, and the fair value was $56,900. Prepare the adjusting entry to record the unrealized gain or loss for available-for-sale securities on December 31, 2012.
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To record the unrealized gain or loss for availableforsale securities on December 31 2012 you would ...View the full answer
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