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EHS (LO3A1 December 31,039, the trading debt securities for Gwynn Inc are as follows Prepare adjusting entry to od fair value and indicate statement presentation, Security B Total Cost 518.100 12,500 23.000 $53.600 Fair Value $16.000 14,800 18.000 $.48 800 Instructions a. Prepare the adjusting entry at December 31, 2020, to report the securities at fair value b. Show the balance sheet and income statement presentation at December 31, 2020, after adjustment to fair value EH.7 (LO3) y Data for det investments are presented in EH 6 Assume instead that the investments are classified as able for sale debt securities with the same cost and fair value data as indicated in EH 6 The securities are considered to be a long-term investment Prepare adjusting ontry to record fair value and indicate statement presentation Instructions Prepare the adjusting entry of December 31, 2020 to report the securities at far value b. Show the statement presentation at December 31, 2020, after adjustment to fair value c. Pam Jenks, a member of the board of directors, does not understand the reporting of the unrenrod gains or losses on trading deblocures and var det securities Write a letter to Ms Jerks explaining the reporting and the purposes it serves

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