Question 6 of 25

Question 6 of 25 View Policies Current Attempt in Progress -/1 Cameron Company has a portfolio of debt investments that it has managed as a trading investment. At December 31, 2022, Cameron had the following balances related to this portfolio: debt investments, 250,000; fair value adjustment, EIO,325 (Dr). Cameron management decides to change its business model for these investments to a held-for-collection strategy, beginning in January 2023. Prepare the journal entry to transfer these investments to the held-for-collection classification. (Credit account titles are automatically indented when 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 January 1, 2023 Account Titles and Explanation Debit Credit eTextbook and Media List of Accounts Save for Later Attempts: unlimited Submit Answer