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Business, 19.09.2019 18:00 nayshia

Investment in trading and afs securities in 2019, a company purchases debt securities at a par value of $500,000. their year-end value is $520,000. in 2020, these securities are sold for $525,000 and new securities are purchased for $700,000. at the end of 2020, the securities have not yet been sold, and have a value of $600,000. required prepare the journal entries to record the above information for 2019 and 2020, assuming that: a. the securities are categorized as trading securities.

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