Problem #3 - INVESTMENT ACTIVITY 3.A A Company had the following trading securities in its portfolio at December 31, 2018. The Fair Value Adjustment - Trading account had a balance of zero prior to year-end adjustment, Prepare the appropriate adjusting journal entry. Short-Term Investments as of 12/31/2018 Cost Fair IBM Microsoft Ford Bank of America Totals $ 24,500 51,000 62,300 29,900 $167.700 Value $ 25,900 48,600 61,000 30,200 $165,700 Date Account Debit Credit 3.B On January 15, 2019, the IBM securities were sold for $27,000 and on April 2, 2019, the Microsoft securities were sold for $48,000. Prepare the journal entry for these transactions. Date Account Debit Credit