Assume that the fair market value of investments in a Debt Service Fund decreased by $25,000 as of the end of the fiscal year. What entry would be necessary to reflect this change?
A. Debit interest revenue and credit investments.
B. Debit interest expense and credit investments.
C. Debit interest expense and credit cash.
D. No entry is necessary as they investments have not actually been sold.
A
Business
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