Need H.7 NOT H.6

EH.6 (LO 3) At December 31, 2020, the trading debt securities for Gwynn, Inc. are as follows Prepare adjusting entry to record for vokse, and indicate staterent presentation Security A B C Cost $18,100 12,500 23.000 $53000 Fair Value $15,000 14800 18.000 $48.800 TON Instructions a. Prepare the adjusting entry at December 31, 2020, to report the securities at far value b. Show the balance sheet and income statement presentation at December 31, 2020 attor adjustment to fair value EH.7 (LO) ng Data for debt investments are presented in EH 6 Assumo instead that the investments are classified as available 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 Propre acusting entry to record fair value and indicate statement presentation Instructions a. Prepare the adjusting entry at December 31, 2020, to report the secunties at far value b. Show the statement presentation at December 31, 2020, after adjustment to fair value Pam Jenks, a member of the board of directors does not understand the reporting of the unrealized gains or losses on trading debt securities and available for sale htu Write a letter to Ms Jonks explaining the reporting and the purposes it serves