Business, 30.03.2020 20:18, GutsnGlory

Kitty Company began operations in the current year and acquired short-term debt investments in trading securities. The year-end cost and fair values for its portfolio of these debt investments follow. Portfolio of Trading Securities Cost Fair Value Tesla Bonds $ 13,500 $ 10,125 Nike Bonds 22,000 23,100 Ford Bonds 5,500 4,400 Prepare journal entries to record the December 31 year-end fair value adjustment for the above debt securities.

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Kitty Company began operations in the current year and acquired short-term debt investments in tradi...