Jets Bancorp Inc. purchased a portfolio of trading securities during 20Y3. The cost and fair value of

Question:

Jets Bancorp Inc. purchased a of trading securities during 20Y3. The cost and fair value of this on December 31, 20Y3, was as follows:

Jets Bancorp Inc. purchased a portfolio of trading securities during

Journalize the entry to record the adjustment of the trading security portfolio to fair value on December 31, 20Y3?

Portfolio
A portfolio is a grouping of financial assets such as stocks, bonds, commodities, currencies and cash equivalents, as well as their fund counterparts, including mutual, exchange-traded and closed funds. A portfolio can also consist of non-publicly...