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2:49 AA A v2.cengagenow.com C Ch 15-3 Exercises and Problems EX. 15-01.ALGO Fair value journal entries, trading investments EX.15-07.BLANKSHEET.AL... . Instructions Chart of Accounts v EX.15-10.BLANKSHEET.AL... Instructions EX.15-11.ALGO The investments of Charger Inc. include a single investment: 11,010 shares of Raiders Inc. common stock purchased on February 24, Year 1, for $39 per share including brokerage commission. These EX. 15-15.BLANKSHEET.AL... . shares were classified as trading securities. As of the December 31, Year 1, balance sheet date, the EX.15-23.ALGO share price had increased to $42 per share. EX. 15-20.ALGO Required: A. Journalize the entries to acquire the investment on February 24, and record the adjustment to fair value on December 31, Year 1. Refer to the Chart of Accounts for exact wording of account titles. B. How is the unrealized gain or loss for trading investments reported on the financial statements? Progress: 5/7 items Check My Work 2 more Check My Work uses remaining. Previous Next > signment Score: 37.06% Email Instructor Save and Exit Submit Assignment for Grading m