Fair Value Journal Entries, Trading Investments The investments of Charger Inc. include a single investment: 16,000 shares of Raiders Inc. common stock purchased on February 24, 2011, for $41 per share including brokerage commission. These shares were classified as trading securities. As of the December 31, 2041, balance sheet date, the share price had increased to $54 per share. a. Journalize the entries to acquire the investment on February 24, and record the adjustment to fair value on December 31, 20Y1. 20Y1 Feb. 24 Investments-Raiders, Inc. Stock Cash 2011 Dec. 31 Feedback Check My Work a. Increase the investment and reduce Cash for number of shares times the per share price The unrealized gain (credit) or unrealized loss (debit) is the difference between the acquired per share price and the market price per share at 12/31/1 times the number of shares acquired. The offset account for the pain or loss entry is the valuation allowance account Appendix b. How is the unrealized gain or loss for trading investments reported on the financial statements? The unrealized gain or unrealized loss for trading investments is disclosed in the