Make journal entry to record the market value


Question: Detaldo Co held bonds of Schooner corp. with a cost of USD 125,000 & a market value of USD 127,000. Detaldo also held 1,500 shares of Tranco common stock with a cost of USD 25,000 & a market value of USD 24,700.  Make journal entry to record the market value of the investments as of Dec 31.

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Finance Basics: Make journal entry to record the market value
Reference No:- TGS016394

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