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Return to Blackboard S , Hele System Announcements is unread PRINTER VERSION BACK NEXT Trading securities $84,500 Do Te Review 16-3a Some of Tollakson Corporation's

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Return to Blackboard S , Hele System Announcements is unread PRINTER VERSION BACK NEXT Trading securities $84,500 Do Te Review 16-3a Some of Tollakson Corporation's investment securities are classified as trading securitles and some are classified as available-for-sale. The cost and fair value of each category at December 31, 2017, were as follows Cost Fair Value Unrealized Gain (Loss) $95,000 5(10,500) Available-for-sale securities $58,500 $63,500 $5,000 At December 31, 2016, the Fair value AdjustmentTrading account had a debit balance of $2,100, and the Fair Value Adjustment-Available-for Sale acount had a credit balance of Prepare the required journal entries for each group of securities for December 31, 2017. (Credit account tities are automatically indented when amount is entered. Do not indent manually. If ne entry is required, select "No entry for the account titles and enter for the amounts.) No. Account Tities and Explanation Trading securities: Debit Credit Available for sale securities 2. NOW LIST OF ACCOUNTS LINK TO TO A

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