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eBook Show Me How Calculator Valuing trading securities at fair value Instructions Chart of Accounts Journal Instructions On January 1, 2049, Valuation Allowance for Trading Investments had a zero balance. On December 31, 2019, the cost of the trading securities portfolio was $379,100, and the fair value was $348,000 Journalize the December 31, 2019, adjusting journal entry to record the unrealized gain or loss on trading investments Refer to the Chart of Accounts for exact wording of account titles 1 eBook Show Me How Calculator Fair Value Journal Entries, Trading Investments The investments of Charger Inc. include a single investment: 14,000 shares of Raiders Inc. common stock purchased on February 24, 2011, for $25 per share including brokerage commission. These shares were classified as trading securities. As of the December 31, 2011, balance sheet date, the share price had increased to 533 per share. a. Joumalize the entries to acquire the investment on February 24, and record the adjustment to fair value on December 31, 2011 20Y1 Feb. 24 V 2011 Dec. 31 b. How is the unrealized gain or loss for trading Investments reported on the financial statements The unrealized gain or unrealized loss for trading investments is disclosed in the