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Joumal entises for trading irvestments The investments of charges the meluide an imestmest of troding securities of Raiders thc, purchased on Fetruary 24, 20Y7, for

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Joumal entises for trading irvestments The investments of charges the meluide an imestmest of troding securities of Raiders thc, purchased on Fetruary 24, 20Y7, for $638,000, The fair valie of the securines on December 31. 20y7, is sis6,000 a. Soumalize the entries for the february 24 purchase and the adjustment to far value on December 31,207. If an amount box does not require an entr, leave it blank: b. Hoe is a unreal ked jain or kass for trading investments reperted an the hinancal statenients? The uniewized gain ior uniealized loss on triding irveatments is reported on the (or a separate item if sigaficart), uncedized iosses wovld be in getermunimg nec iocome, while uncealised gains would be in detertniring net income, The uhtralited fram on avallabir-for-sale itvestmeots would be reported as The debit balance of Voluation Alowance for Avalabie-for-Saie trvertroenta woldif be to the teatance of the mvertments accoent of $538,000 to resert the fair walue of 5836.000 on the

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