Trading securities were sold on January 3, 2018, for $65,000. Those securities were purchased for $52,000 on November 21, 2017, and they had a fair value on December 31, 2017, of $57,000. The entry to record the sale would include a
A) credit to Unrealized Holding Gain/Loss-Trading Securities of $8,000.
B) debit to Unrealized Holding Gain/Loss-Trading Securities of $5,000.
C) debit to Investment in Trading Securities of $5,000.
D) credit to Gain on Sale of Trading Securities of $8,000.
D
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