Question: Brief Exercise 16-4 The cost of the trading securities of Munoz Company at December 31, 2017, is $51,000. At December 31, 2017, the fair value

Brief Exercise 16-4 The cost of the trading securities of Munoz Company at December 31, 2017, is $51,000. At December 31, 2017, the fair value of the securities is $48,900. Prepare the adjusting entry to record the securities at fair value. (Credit account titles are automatically indented when amount is entered. Do not indent manually. entry is required, select "No entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Dec. 31 Debit Credit Click if you would like to Show Work for this question: Open Show Work Brief Exercise 16-4 The cost of the trading securities of Munoz Company

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