The Allowance to Adjust Investment to Market account has a current debit balance of $900. Available- for- sale investments with a cost a $5,000 have a current market value of $6,350. The adjusting entry will require a:
A) credit to Allowance to Adjust Investments to Market for $450.
B) debit to Allowance to Adjust Investments to Market for $1,350.
C) debit to Allowance to Adjust Investments to Market for $450.
D) credit to Allowance to Adjust Investments to Market for $1,350.
Correct Answer:
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