Fair value journal entries, trading investments Instructions Chart of Accounts Journal Final Question Instructions The investments of Charger Inc. include a single investment: 11,010 shares of Raiders Inc. common stock purchased on February 24, Year 1, for $39 per share including brokerage commission. These shares were classified as trading securities. As of the December 31, Year 1, balance sheet date, the share price had increased to 542 per share Required: A Journalize the entries to acquire the investment on February 24, and record the adjustment to fair value on December 31, Year 1. Refer to the Chart of Accounts for exact wording of account titles B. How is the unrealized gain or loss for trading investments reported on the financial statements ? A Joumate the tries to acquire the investment on February 24 and record the custment to a value on December 31, Yr . Refer to the Chart of Account brexact wording of accounts PAGES JOURNAL ACCOUNTING EQUATION DET POST. REF. DET ER ALTS TES QUITY Final Question B. How is the unrealized gain or loss for trading investments reported on the financial statements? (ora The unrealized gain or unrealized loss for trading investments is disclosed in the separate item if significant). In determining net income, unrealized losses and gains would be determining net income