Question: Cost and fair value data for the trading debt securities of Lecler Company at December 31, 2020, are $62,000 and $59,600, respectively. Prepare the adjusting

Cost and fair value data for the trading debt securities of Lecler Company at December 31, 2020, are $62,000 and $59,600, respectively. Prepare the adjusting entry to record the securities at fair value. Prepare adjusting entry using fair value.

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