At December 31, 2022, the trading debt securities for Blossom, Inc. are as follows. Security (a) A B с Total Cost $17,359 Dec. 31 11,690 21,920 $50,969 Fair Value $16,420 14,443 16,430 $47,293 Prepare the adjusting entry at December 31, 2022, to report the securities at fair value. (Credit account titles are automatically indented when the 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 Credit

At December 31, 2022, the trading debt securities for Blossom, Inc. are as follows. Security (a) A B с Total Cost $17,359 Dec. 31 11,690 21,920 $50,969 Fair Value $16,420 14,443 16,430 $47,293 Prepare the adjusting entry at December 31, 2022, to report the securities at fair value. (Credit account titles are automatically indented when the 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 Credit

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter14: Financing Liabilities: Bonds And Long-term Notes Payable

Section: Chapter Questions

Problem 16E

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