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(Entries for Available-for-Sale and Trading Securities) The following information is available for Barkley Company at December 31, 2014, regarding its investments. Information posted below. Please

(Entries for Available-for-Sale and Trading Securities) The following information is available for Barkley Company at December 31, 2014, regarding its investments.

Information posted below.

Please show work with explanations. Thank you!

E17-6 (Entries for Available-for-Sale and Trading Securities) The following information is available for Barkley Company at December 31, 2014, regarding its investments. Instructions (a) Prepare the adjusting entry (if any) for 2014, assuming the securities are classified as trading. (b) Prepare the adjusting entry (if any) for 2014, assuming the securities are classified as availablefor-sale. (c) Discuss how the amounts reported in the financial statements are affected by the entries in (a) and (b)

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