Question: Brief Exercise H-4 Cost and fair value data for the trading debt securities of Blossom Company at December 31, 2019, are $64,830 and $57,530, respectively.

Brief Exercise H-4 Cost and fair value data for the trading

Brief Exercise H-4 Cost and fair value data for the trading debt securities of Blossom Company at December 31, 2019, are $64,830 and $57,530, respectively. Prepare the adjusting entry to record the securities at fair value. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31 Click if you would like to Show Work for this question: Open Show Work

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