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Instructions The investments of Charger Inc. Include a single investment: 18.440 shares of Raiders Inc. common stock purchased on February 24, 20Y1, for $37 per

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Instructions The investments of Charger Inc. Include a single investment: 18.440 shares of Raiders Inc. common stock purchased on February 24, 20Y1, for $37 per share including brokerage commission. These shares were classified as trading securities. As of the December 31, 2011, balance sheet date, the share price nad increased to 545 per sham, A. Joumalize the entries to acquire the investment on February 24, and record the adjustment to far value on December 31, 2011. Peter to the Chart of Accounts for exact wording of account iters. B. How is the unrealized pain or loss for trading investments reported on the variola statements? JOURNAL ACCOUNTING EQUATION DESCRIPTION POST, REF DATE DEBIT CREDIT ASSETS LUBILITIES EQUITY 1 2 Adjusting Entries B. How is the unreakzed gain or loss for trading investments reported on the financial statemerits? The unrealized gain or unrealized loss for trading investments is disclosed in the determining net income, unrealized losses and gains would be for a separate om i significant). In in determining net income

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