Blossom Company in its first year of operations provides the following information related...
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Blossom Company in its first year of operations provides the following information related to one of its available-for-sale debt securities at December 31, 2025. What is the amount of the credit loss that Blossom should report on this available-for-sale security at December 31, 2025? (Do not leave any answer field blank. Enter 0 for amounts.) Amount of the credit loss Prepare the journal entry to record the credit loss, if any (and any other adjustment needed), at December 31, 2025. (List debit entry before credit entry. 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.) Assume that the fair value of the available-for-sale security is $56,800 at December 31,2025 , instead of $43,800. What is the amount of the credit loss that Blossom should report at December 31, 2025? (Do not leave any answer field blank. Enter 0 for amounts.) Amount of the credit loss \$ eTextbook and Media List of Accounts Assume the same information as for part (c). Prepare the journal entry to record the credit loss, if necessary (and any other adjustment needed), at December 31, 2025. (List debit entry before credit entry. 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.)
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Blossom Company in its first year of operations provides the following information related to one of its available-for-sale debt securities at December 31, 2025. What is the amount of the credit loss that Blossom should report on this available-for-sale security at December 31, 2025? (Do not leave any answer field blank. Enter 0 for amounts.) Amount of the credit loss Prepare the journal entry to record the credit loss, if any (and any other adjustment needed), at December 31, 2025. (List debit entry before credit entry. 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.) Assume that the fair value of the available-for-sale security is $56,800 at December 31,2025 , instead of $43,800. What is the amount of the credit loss that Blossom should report at December 31, 2025? (Do not leave any answer field blank. Enter 0 for amounts.) Amount of the credit loss \$ eTextbook and Media List of Accounts Assume the same information as for part (c). Prepare the journal entry to record the credit loss, if necessary (and any other adjustment needed), at December 31, 2025. (List debit entry before credit entry. 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.) 