At December 31, 2017, the available-for-sale debt portfolio for Blossom, Inc. is as follows.
A?? $28,000?? $24,000?? $(4,000?? )
B?? 20,000?? 22,400?? 2,400??
C?? 36,800?? 40,800?? 4,000??
Total?? $84,800?? $87,200?? 2,400??
Previous fair value adjustment balance???Dr.?? 640??
Fair value adjustment???Dr.?? $1,760??
On January 20, 2018, Blossom, Inc. sold security A for $24,160. The sale proceeds are net of brokerage fees.
JA: The Accountant will know how to help. Is there anything else the Accountant should be aware of?
Customer: Show the balance sheet presentation of the investment-related accounts at December 31, 2017
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