count Journal Final Question Instructions Gruden Bancorp Inc purchased a portfolio of lading sets during 2013, its first year of operations. The cost and fair value of the portfolio on December 31, 2017, foto Issuing Company Cost Fair Value $26,200.00 528.120.00 Griffin Inc & Luck Company Wilson Company 32.760.00 26.980.00 2020.00 50.240.00 $89.300.00 Total 555.520.00 On May 10, 2014 Gruden Bancorp Inc purchased trading securities of Carroll inc for 525,655 Required: Journalize the entries to record the following a. The adjusting entry for the portfolio of trading securities on December 31, 2013 b. The May 10, 2014 purchase of Carroll Inc securities The adjusting entry for the portfolio of trading securities on December 31, 2018 Assume recor for the purchase of Carroll there were no other transactions involving trading securities in 2014 madanion, assumere ture of the portare a on December 31, 2014, is $136.175 d. What amount should be reported for trading investments on the December 31, 2014 Dance her? "Refer to the chart of accounts for the exact wording of the account CNOWjoua not use it for your core Bry on a journal page is used for debitor credit entres CNOWjournals will automatically when on montante My Work 3 more Check My Work uses remaining A saved nstructions Final Question Gr d What amount should be reported for trading investments on the December 31, 20Y4, balance sheet? On Required: Journalize the entries to record the following a. The adjusting entry for the portfolio of trading securities on December 31, 2013 b. The May 10, 2014, purchase of Carroll Inc securities The adjusting entry for the portfolio of trading securities on December 31, 2014. Assume that except for the there were no other transactions involving trading securities in 2014 In addition, assume that the fair value o on December 31, 2014 is $136.175 d. What amount should be reported for trading investments on the December 31, 2014, balance sheet? *Refer to the chart of accounts for the exact wording of the account titles CNOW journals do not use lines for on a journal page is used for debt or credit entries CNOW journals will automatically indent a credit entry whe heck My Work 3 more Check My Work uses remaining All work saved