During the year ended December 31, 20Y9, trading securities were purchased for $72,600. On December 31, 20Y9,
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During the year ended December 31, 20Y9, trading securities were purchased for $72,600. On December 31, 20Y9, the securities had a fair value of $79,100. Journalize the December 31, 20Y9, adjusting entry to record the unrealized gain or loss on trading investments purchased in 20Y9.
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