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7) Assumption: On December 31, XXX1; RRR Corporation showed the following investments: Portfolio of Securities Investments Description Trading Securities Available-for-Sale Securities On December 31,x0; the

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7) Assumption: On December 31, XXX1; RRR Corporation showed the following investments: Portfolio of Securities Investments Description Trading Securities Available-for-Sale Securities On December 31,x0; the ending balance for the contra assets accounts were the following: Actions to take: 1. Prepare the Journal Entry for the Trading Securities. 2. Prepare the Journal Entry for the Available-for-Sale Securities. Show your calculations

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