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Q&M Apparel purchased debt securities on January 1 for $ 1 5 0 , 0 0 0 and classified the investments as trading securities .
Q&M Apparel purchased debt securities on January for $ and classified the investments as trading securities On December the debt securities are valued at $
Record the yearend entry to adjust these securities to their fair value.
Note: If no entry is required for a particular transactionevent select No Journal Entry Required" in the first account field.
Journal entry worksheet
Record the adjusting trading securities to fair value
Note: Enter debits before credits.
tableDateGeneral Journal,Debit,CreditDecember e
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