Cost and fair value data for the trading debt securities of Blossom Company at December 31,...
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Cost and fair value data for the trading debt securities of Blossom Company at December 31, 2022, are $66,500 and $61,090, 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. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31 Cost and fair value data for the trading debt securities of Blossom Company at December 31, 2022, are $66,500 and $61,090, 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. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31
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