During the current year, Reed Consulting acquired long-term available-for-sale debt securities on July 1 at...
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Accounting
During the current year, Reed Consulting acquired longterm availableforsale debt securities on July at a $ cost At its December yearend, these securities had a fair value of $ This is the first and only time the company purchased such securities
Prepare the July entry to record the purchase of these debt securities
Prepare the yearend adjusting entry related to these securities
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