Help please On January 1, 20Y3, Valuation Alowance for Trading Investments...
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On January 1, 20Y3, Valuation Alowance for Trading Investments had a zero balance. On December 31, 20Y3, the cost of the trading securities portfolio $371,900, and the fair value was $337,800. Required: Joumalize the December 31, 20Y3, adjusting entry to record the unreakized gain or loss on trading investments. Refer to the chart of accounts for the exact wording of the account tites. CNOW journals do not use lines for journal explanations. Every line on a joumal page is used for debit or credit entries. CNOW joumals will automatically indent a credit entry when a credit amount is entered
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