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Kitty Company began operations in 2016 and maintains short-term investments in trading securities. The year-end cost and fair values for its portfolio of these investments

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Kitty Company began operations in 2016 and maintains short-term investments in trading securities. The year-end cost and fair values for its portfolio of these investments Follow Portfolio of Trading Securities Cost December 31, 2016 $37 sus December 31, 2017 46 December 31, 2018 60 December 31, 2019 56 55 Prepare journal entries to record each December 31 year-end fair value adjustment for these above securities View transaction ist View Journal entry worksheet NO Date General Joumal 1 Dec 31, 2016 Fair value adjustment--Trading (ST) Unreakzod loss-Income Debit Credit 2 2 2 Doc 31, 2017 Unrealized gain-Income Fair value adjustment Trading (ST) 4 3 Dec 31, 2018 9 Unrealized gain Income Fair value adjustment Trading (ST) 9 4 Dec 31, 2010 For volue adjustmont AES (LT) Unrealzedoss-Income o ded

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