Current Attempt in Progress

Some of Carla Vista Lake Limited's investment securities are classified as trading securities and some are classified as non$-$trading. The

cost and fair value of each category at December $31,2020,$ were as follows.

At December $31,2019,$ the Fair Value Adjustment$-$Trading account had a debit balance of $2,000,$ and the Fair Value Adjustment$-$

Non$-$Trading account had a credit balance of $6,600.$

Prepare the required journal entries for each group of securities for December $31,2020.($Credit account titles are automatically indented

when amount is entered. Do not indent manually. If no entry is required, select $"$No entry" for the account titles and enter $0$ for the amounts.$)$

No$.$ Account Titles and Explanation

Debit

Credit

Tradingsecurities:

Available$-$for$-$sale securities: