At December 31, 2017, the available-for-sale debt portfolio for Blossom, Inc. is as follows.
Security
Cost
Fair Value
Unrealized
Gain (Loss)
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