Question: For the data presented in BEH.4, show the financial statement presentation of the trading securities and related accounts. Data From BEH.4 Cost and fair value

For the data presented in BEH.4, show the financial statement presentation of the trading securities and related accounts.

Data From BEH.4

Cost and fair value data for the trading debt securities of Lecler Company at December 31, 2022, are $62,000 and $59,600, respectively. Prepare the adjusting entry to record the securities at fair value.

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