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Valuing Trading Securities at Fair Value On January 1, 2014, Valuation Allowance for Trading Investments had a zero balance. On December 31, 2014, the cost

Valuing Trading Securities at Fair Value

On January 1, 2014, Valuation Allowance for Trading Investments had a zero balance. On December 31, 2014, the cost of the trading securities portfolio was $43,300, and the fair value was $44,700.

Prepare the December 31, 2014, adjusting journal entry to record the unrealized gain or loss on trading investments.

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