Kitty Company began operations in the current year and acquired short-term debt investments in trading securities....

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Kitty Company began operations in the current year and acquired short-term debt investments in trading securities. The year-e

Prepare journal entry to record the December 31 year-end fair value adjustment for the debt securities View transaction list

business accounting

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Answer 1

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Date	Account	Debit	Credit
Dec 31	Unrealized holding gain or loss - Net income	4425
	Fair value adjustment		4425
	(17700+27600+6900) - (13275+28980+5520)

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Kitty Company began operations in the current year and acquired short-term debt investments in trading securities....

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