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December , 2020, Jeter Corporation had the following equity securities that were purchased during 2019 Available-for- Sale Securities: Cost Fair Value $ 70,000 $ 100,000

December , 2020, Jeter Corporation had the following equity securities that were purchased during 2019 Available-for- Sale Securities: Cost Fair Value $ 70,000 $ 100,000 Security Y Security Z 85,000 80.000 Totals $155,000 $ 180,000 Previous fair value adjustments balance debit \$7,500, . At December 31, 2020 Jeter Corporation makes this adjusting entry :

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