Question: Please help with these two question The following information is available for Coronado Company at December 31, 2020. regarding its investments. Secu rities Cost Fair

Please help with these two question

The following information is available for Coronado Company at December 31, 2020. regarding its investments. Secu rities Cost Fair Value 500 shares of Runner Corporation common stock $23,000 $40,000 6,900 shares of Shertor Corporation preferred stock 636,000 608.000 $659,000 $648,000 (a) Prepare the adjusting entry {if any) for 2020, assuming the securities are classied as trading. (Credit account titles are automatically indented when amount is entered. Do not indent nmnualiy. if no entry is required. select \"No Entry" for the oocount titles and enter 0 for the omnts.) Account 'I'ies and Explanation Debit Credit l ll ll l ll

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