Question: At December 3 1 , 2 0 2 0 , the cost and fair value trading securities for Pharoah, Inc. are as follows. table

At December 31,2020, the cost and fair value trading securities for Pharoah, Inc. are as follows.
\table[[Security,Cost,Fair Value],[A,$19,500,$17,900],[B,13,000,14,900],[C,23,100,20,800],[$55,600,$53,600]]
(a)
Prepare the adjusting entry at December 31,2020, to report the securities at fair value. (Credit account titloc are automaticalh
At December 3 1 , 2 0 2 0 , the cost and fair

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