Recording an unrealized loss

[goodshepherdlutheran]

We have invested in a mutual fund that has taken a hit this year and I'm not sure how to show the unrealized loss on the balance sheet. Does anyone know how to do this?

[JohnDMeyers]

Here's how we show unrealized gains or losses:

01-1310-000 Investment fund


Create these accounts:
01-1315-000 Adjust to Market
01-3115-000 Unrealized Gain (loss)

If you have a gain, DB 1315 and CR 3115

If you have a loss, CR 1315 and DB 3115

[goodshepherdlutheran]

Thanks!