Falr value journal entries, trading Investments Chart of Accounts Journal Final Question 0 Instructions The Investments of Charger Inc. Include a single Investment: 11,730 shares of Raiders Inc. common stock purchased on February 24, Year 1, for $38 por 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 545 per share. Required: A. Jumalize the entries to acquire the investment on February 24, and record the adjustment ho far value on Docomber 31, Yoar 1. Astor to the Chart of Accounts for exact wording of account titles. B. How is the unrealized gain or loss for tracing investments roported on the financial statornovits? Previous Next Check My Work 2 more Check My Work uses remaining ir value journal entries, trading Investments Chart of Accounts Journal Final Question Instructions Journal A. Journalize the entries to acquire the investment on February 24, and record the adjustment to fair value on December 31, Yoar 1. Refer to the Chart of Accounts for exact wording of account Atlas. PAGES JOURNAL ACCOUNTING EQUATION DEBIT CREDIT POST. ROE ASSETS LIABILITIES EQUITY DESCRIPTION DATE 1 2 3 Adjusting Entries 4 5 Previous Next > Check My Work 2 more Check My Work uses remaining Chega Stud Book Show Me How Calculator Fair value journal entries, trading Investments Print Item Instructions Chart of Accounts Journal Final Question Instructions Journal Final Question 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 determining not income, unrealized and gains would be for a separate ltom significant). In in determining net income. Previous Next Check My Work 2 more Check My Work uses remaining