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At June 30, 2020, Gamma's Quarter End, the Adjusting Entry

Question 23

Short Answer

At June 30, 2020, Gamma's quarter end, the adjusting entry would be
A) No entry required.
$\begin{array}{ll} B) \text{ Derivatives-Financial Assets ............................................................} & \quad \text{\ 4,300 \quad \quad \quad } \\ \quad\quad \text{ Gain or Loss on Derivatives ...........................................................} & \quad \quad\quad\quad\quad\quad {\text { 4,300 }}{}\\ C) \text{Derivatives-Financial Assets ..........................................................} & \quad \text{\ 4,300 \quad \quad \quad } \\ \quad\quad\text{Other Comprehensive Income ..........................................................} & \quad \quad \quad \quad \quad\quad \text{\ 4,300 \quad \quad \quad } \\ D) \text{Derivatives-Financial Assets ........................................................ } & \quad \text{\ 4,300 \quad \quad \quad } \\\quad\text{Gain or Loss on Derivatives.........................................................} & \quad\quad\quad \quad\quad\quad \text{\ 4,300 \quad \quad \quad } \\ \ \end{array}$