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Carla Vista Company has the following securities in its portfolio of equity securities on December...

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Accounting

Carla Vista Company has the following securities in its portfolio of equity securities on December 31,2025:
\table[[,Cost,Fair Value],[5,000 shares of Thomas Corp., Common,$152,000,$140,500
(a)
Prepare the general journal entry for Carla Vista Company for the 2025 adjusting entry, assuming a $0 balance in the Fair Value Adjustment account at 1/1/25.(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.)
Date Account Titles and Explanation Debit
December
31,2025
Carla Vista Company has the following securities in its portfolio of equity securities on December 31,2025:
\table[[,Cost,Fair Value],[5,000 shares of Thomas Corp., Common,$152,000,$140,500
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