Homework Answers
Solution:
| Journal Entries - West Company | ||||
| Event | Date | Particulars | Debit | Credit |
| a | 31-Dec-20 | Fair value adjustment Dr | $2,000.00 | |
| To Unrealized holding gain or loss - OCI | $2,000.00 | |||
| (To record adjusment to fair value on debt investment) | ||||
| b | 31-Dec-20 | N/A | ||
| N/A | ||||
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