Assume that Jeromes available-for-sale portfolio had a total cost of $50,000 and a fair value...
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Accounting
Assume that Jeromes available-for-sale portfolio had a total cost of $50,000 and a fair value of $46,000 on December 31 at the end of the first year it held the AFS securities. Complete the necessary adjusting entry selecting the account names from the pull-down menus and entering dollar amounts in the debit and credit columns.
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