Exercise 16-11 - (Part Level Submission) At December 31, 2020, the available for sale debt securities for Pharoah, Inc. are as follows. The securities are considered to be a long-term investment. Security Cost $17,100 12,400 23,300 $52,800 Fair Value $15,800 14,500 19,200 $49,500 (a) Prepare the adjusting entry at December 31, 2020, to report the securities at fair value. (Credit account titles are automatically indented when amount is entered. Do ne indent manually. If no entry is required, select "No entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31 SHOW LIST OF ACCOUNTS Attempts of 2 used SUBMIT ANSN VERS LATER