Question: Your answer is correct. Prepare the adjusting entry at December 3 1 , 2 0 2 2 , to report the securities at fair value.

Your answer is correct.
Prepare the adjusting entry at December 31,2022, to report the securities at fair value. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
Date Account Titles and Explanation
Debit
Credit
Dec. 31
Unrealized Gain or Loss-Income
Fair Value Adjustment-Trading
eTextbook and Media
List of Accounts
Show the balance sheet presentation at december 31,2022 after Adjustment to the fair value
Your answer is correct. Prepare the adjusting entry at December 31,2022,

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