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10 On December 31, Lujack Co. held the following short-term available-for-sale securities. Lujack had no short-term investments prior to the current period. 3.63 points Prepare
10 On December 31, Lujack Co. held the following short-term available-for-sale securities. Lujack had no short-term investments prior to the current period. 3.63 points Prepare the December 31 year-end adjusting entry to record the fair value adjustment for these debt securities. Complete this question by entering your answers in the tabs below. eBook Fair Value Adjustment General Journal Hint Computation of fair value adjustment. Computation of Fair Value Adjustment Print Available-for-Sale Securities Cost Fair Value Unrealized Amount D. Nintendo Co. notes References Atlantic bonds Kellogg Co. notes McDonald's Corp. bonds Totals $ 52,800 $ 57,552 21,120 19,642 38,016 35,735 71,280 67,716 $ 183,216 $ 180,645 10 On December 31, Lujack Co. held the following short-term available-for-sale securities. Lujack had no short-term investments prior to the current period. 3.63 points Prepare the December 31 year-end adjusting entry to record the fair value adjustment for these debt securities. Complete this question by entering your answers in the tabs below. eBook Fair Value Adjustment General Journal Hint Prepare the December 31 year-end adjusting entry to record the fair value adjustment for these debt securities. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Print View transaction list References Journal entry worksheet > Record the year-end adjustment to fair value, if any. Note: Enter debits before credits General Journal Debit Credit Date Dec 31 Record entry Clear entry View general journal
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