assets =liabilities +equity

Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below] Brooks Company purchases debt investments as trading securities at a cost of $59,000 on Docember 27. This is its first and only purchase of such securities. At December 31, these securities had a fair value of $64,000, Exercise 15.3 (Algo) Financial statement impact of trading securities LO P1 Brooks sells a portion of its trading securities (costing $29,500 ) for $30,750 cash, Analyze each transaction above by showing its effects on the accounting equation-specificaly, Identify the accounts and amounts lincluding + or-1 for each transaction. Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below] Brooks Company purchases debt investments as trading securities at a cost of $59,000 on Docember 27. This is its first and only purchase of such securities. At December 31, these securities had a fair value of $64,000, Exercise 15.3 (Algo) Financial statement impact of trading securities LO P1 Brooks sells a portion of its trading securities (costing $29,500 ) for $30,750 cash, Analyze each transaction above by showing its effects on the accounting equation-specificaly, Identify the accounts and amounts lincluding + or-1 for each transaction