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  3. (a) prepare the adjusting journal entry needed on

(a) Prepare the adjusting journal entry needed on December 31,2025. (b) Prepare the...

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Accounting

(a) Prepare the adjusting journal entry needed on December 31,2025.
(b) Prepare the journal entry to record the sale of the Colorado Co. stock during 2026.
(c) Prepare the adjusting journal entry needed on December 31,2026.
(List all debit entries before credit entries. 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 0 for the amounts.)
No.
Date
(a)
(b)
December 31,2026
Cash
(c)
Account Titles and Explanation
Unrealized Holding Gain or Loss - Equity
Fair Value Adjustment
Loss on Sale of Investments
Debit
Fair Value Adjustment
Cash
Loss
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