Valuation of Securities
Bridgeman Paper Co. reported the following selected balances on its financial statements for each of the four years 2006–2009:
|
2006 |
2007 |
2008 |
2009 |
|
|
Market adjustment—Trading securities |
0 |
5500 |
3750 |
(1200) |
|
Market adjustment—Available for sale securities |
0 |
(1300) |
900 |
1350 |
Based on these balances, reconstruct the valuation entries that must have been made each year.