Question: Please help I need someone understand and solve it correct please Assume that Moon already has an old portfolio of other debt investments all acquired
Please help
I need someone understand and solve it correct please
Assume that Moon already has an old portfolio of other debt investments all acquired for trading purposes. these investments show an unrealized holding loss of $4225 on December 31, 2019. After adding the new debt investment to its portfolio there is an overall unrealized holding loss of $6789. prepare the necessary entry that the moon has to record on December 31, 2019, to reflect the above.
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