ignment/take AssignmentMain.do?inprogress=true eBook Show Me How Calculator Print Item Valuing Trading Securities at Fair Value On January 1, Valuation Allowance for Trading Investments had a zero balance. On December 31, the cost of the trading securities portfolio was $50,000, and the fair value was $51,100. Prepare the December 31 adjusting journal entry to record the unrealized gain or loss on trading investments. Dec. 31 Previous Next > Inlock meas remaining ignment/takeAssignmentMain.do?inprogress=true eBook Show Me How Calculator Print Item Valuing Trading Securities at Fair Value On January 1, Valuation Allowance for Trading Investments had a zero balance. On December 31, the cost of the trading securities portfolio was $50,000, and the fair value was $51,100. Prepare the December 31 adjusting journal entry to record the unrealized gain or loss on trading investments. Dec. 31 Cash Trading Investments Unrealized Gain on Trading Investments Unrealized Loss on Trading Investments Valuation Allowance for Trading Investments