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Skyline Inc purchased a portfolio of available for sale securities during 2013. The cost of...

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Accounting

Skyline Inc purchased a portfolio of available for sale securities during 2013. The cost of the securities was $14,500. At December 31,2013 the fair value of the securities was $17,700.

Prepare the December 31, 2013 journal entry to record the adjustment of available for sale securities to fair value.

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