eBook Show Me How Journal Entries for Trading Investments Intructions Chart of Accounts Journal Final Question Instructions Gruden Bancorp Inc. purchased a portfolio of dogsuchen during 2073, its first year of operations. The cost and their value of this portfolio on December 31, 2013, we as follow 1 Issuing Company Cost Fair Value $44.800.00 $40,000.00 57,500.00 35,750.00 Gelffinne 1 Luck Company Wilson Company 5 Total 57000.00 40,000.00 $117.500.00 $115.550.00 Journal Entries for Trading Investments Instructions Chart of Accounts Journal Final Question Instructions On May 10, 2014 Gruden Bancorp Inc. purchased trading securities of Carroll Inc. for $34.900 Required: Joumalize the entries to record the following a The adjusting entry for the portfolio of trading securities on December 31, 2013 6. The May 10, 2074, purchase of Carroll Inc. securities c. The adjusting entry for the portfolio of trading securities on December 31, 2074 Assume that except for the purchase of Caroline securities there were no other transactions involving trading securities in 2014 maddition, assume that the fair value of the portfolio of trading securities on December 31, 2074, is $175,000. 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 fort journal explorationis. Every line on a joumal page is used for debitor credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered