ences Required information [The following information applies to the questions displayed below.) Kitty Company began operations in the current year and acquired short-term debt investments in trading securities. The year-end cost and fair values for its portfolio of these debt investments follow. Trading Securities Teala Bonds Nike Bonds Ford Bonds Cost $ 12,000 20,000 5,000 Fair Value $9,000 21,000 4,000 Prepare the journal entry to record the December 31 year-end fair value adjustment for these debt securities. View transaction list Journal entry worksheet 1 Record the year-end adjustment to fair value, if any. Note: Enter debits before credits. Date December 31 General Journal Debit Credit < Prev 16 of 17 Next > MacBook Air Che