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At December 31, 2022, the trading debt securities for Pharoah, Inc. are as follows.r r Prepare the adjusting entry at December 31, 2022, to report

At December 31, 2022, the trading debt securities for Pharoah, Inc. are as follows.r
r

Prepare the adjusting entry at December 31, 2022, to report the securities at fair value.

Security A B C Total Cost $18,470 13,100 24,350 $55,920 Fair Value $14,530 13,403 16,910 $44,843

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