Wiffery Company had the following trading securities in its portfolio at December 31. The Fair Value Adjustment - Trading account had a balance of zero prior to year-end adjustment. Prepare the appropriate adjusting journal entry. 
Definitions:
Memos
Short for memoranda, these are brief written messages used within an organization to communicate information or instructions.
Main Idea
The central thought or message of a piece of writing, around which all other information is organized and supports.
Directly
Directly pertains to a straightforward manner of communication or action, where messages are expressed clearly and without ambiguity.
Social Networking
Social networking involves using online platforms to build, engage, and share content with a network of contacts, usually for personal, social, or professional purposes.
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