Required information [The following information applies to the questions displayed below) Brooks Company purchases debt investments as trading securities at a cost of $66,000 on December 27 This is its first and only purchase of such securities. At December 31, these securities had a fair value of $72.000 Brooks sells a portion of its trading securities (costing $3.000) for $4,000 cash. Analyze each transaction above by showing its effects on the accounting equation-specifically, identify the accounts and amounts (including + or -) for each transaction Assets Liabilities ---

Nons displayed below! as trading securities at a cost of $66,000 on December 27. This is its first mber 31, these securities had a fair value of $72,000 g $3,000) for $4,000 cash Analyze each transaction above by showing its effects accounts and amounts (including + or -) for each transaction Liabilities Equity + 19 FHI Next >