$3$

On December $31,$ Lujack Company held the following short$-$term available$-$for$-$sale securities$.$ Lujack had no short$-$term investments prior to the current period.

Prepare the December $31$ year$-$end adjusting entry to record the fair value adjustment for these debt securities$.$

$3$ points

References

Complete this question by entering your answers in the tabs below.

Fair Value

Adjustment

General

Journal

Prepare the Decenroer $31$ year$-$end adjusting entry to record the fair value adjustment for these debt securities$.$

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.

Journal entry worksheet

$1$

Record the year$-$end adjustment to fair value, if any.

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[\backslash$table$[[$December$],[31]],,,],[$re$,$r$,,],[,,,],[,,,]]$