q:3 ch: investments

Some of Cullumber Lake Limited's imvestment securities are classified as trading securities and some are classified as non-trading. The cost and fair value of each category at December 31, 2020, were as follows. At December 31,2019, the Fair Value Adjustment-Trading account had a debit balance of 72,900 , and the Fair Value AdjustmentNon-Trading account had a credit balance of 7,400. Prepare the required journatentries for each group of securities for December 31:2020. (Gredit account titfes are outomatically indentad whier amount is entered. Do not indent manually. If no entry is required, select "No entry" for the occount titles and enter O for the omounts.) Question 3 of 11 No. Account Titles and Explanation Debit Credit Trading securities 1. Ayaliable-for-salesecurities: eTextbookand Mediz List of Accourits