Stock Categorized as Trading Securities Is Purchased for $72,000 B)

Stock categorized as trading securities is purchased for $72,000.At year end,when the market value of the stock is $63,000,the adjusting entry that would be recorded is:

A) $\begin{array}{llr} \text {Allowance to Adjust Short-Term Investments to Market } &9,000 \\ \text { Unrealized Loss on Investments } &&9,000\\\end{array}$

B) $\begin{array}{lc}\text { Unrealized Loss on Short-Term Investments } & 9,000 \\\text { Allowance to Adjust Short-Term Investments to Market } & 9,000\end{array}$

C) $\begin{array}{llr} \text {Allowance to Adjust Short-Term Investments to Market } &9,000 \\ \text {Short-Term Investments } &&9,000\\\end{array}$



D) $\begin{array}{llr} \text { Realized Loss on Investments } &9,000\\ \text {Short-Term Investments } &&9,000\\\end{array}$