Journal Entries for Trading Investments (Please help!)

Journal entries for trading investments The investments of Charger Inc. include an investment of trading securities of Raiders Inc. purchased on February 24, 20Y7, for $266,000. The fair value of the securities on December 31, 20Y7, is $350,000. a. Journalize the entries for the February 24 purchase and the adjustment to fair value on December 31, 20Y7. If an amount box does not require an entry, leave it blank. 20Y7 Feb. 24 Trading Investments-Raiders, Inc. Stock Cash 00 00 20Y7 Dec. 31 Valuation Allowance for Trading Investments Unrealized Gain (Loss) on Trading Investments