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Journalize the adjusting entry to record the unrealized gain

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Problem - Valuing available-for-sale securities at fair value

On January 1, 20Y5, Valuation Allowance for Available-for-Sale Investments had a zero balance. On December 31, 20Y5, the cost of the available-for-sale securities was $22,280 and the fair value was $25,450.

Journalize the adjusting entry to record the unrealized gain or loss on available-for-sale investments on December 31, 20Y5.

Reference no: EM132767821

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