At December 31, 2019, the trading debt securities for Pharoah, Inc. are as follows.

Security			Cost		Fair Value
	A		$16,985		$17,030
	B		12,930		15,179
	C		21,760		18,160
	Total		$51,675		$50,369

Prepare the adjusting entry at December 31, 2019, to report the securities at fair value. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

Date	Account Titles and Explanation	Debit	Credit
Dec. 31

Show the balance sheet presentation at December 31, 2019, after adjustment to fair value.

Show the balance sheet presentation at December 31, 2019, after adjustment to fair value.

Pharoah, Inc. (Partial) Balance Sheet
select a section name Total LiabilitiesProperty, Plant and EquipmentTotal Property, Plant and EquipmentCurrent LiabilitiesStockholders' EquityTotal Current LiabilitiesTotal Liabilities and Stockholders' EquityTotal AssetsCurrent AssetsTotal Stockholders' EquityTotal Current Assets
enter a balance sheet item		$enter a dollar amount

select a section name Other Expenses and LossesRevenuesExpensesDividendsNet Income / (Loss)Total RevenuesTotal Expenses
enter an income statement item		enter a dollar amount