Brief Exercise 17-8
Cleveland Company has a stock portfolio valued at $5,730(available-for-sale). Its cost was $5,110. If the Fair ValueAdjustment account has a debit balance of $299, prepare the journalentry at year-end. (Credit account titles areautomatically indented when amount is entered. Do not indentmanually. If no entry is required, select “No Entry” for theaccount titles and enter 0 for the amounts.)
Account Titles and Explanation
Debit
Credit
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