Exercise 15-5 Fair value adjustment to available-for-sale debt securities LO P3 On December 31, Lujack Co. held the following short-term avaliable-for-sale securities. Lujack had no short-terrn Investments prior to the current period 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. Fair Value Adjustment General Journal Computation of fair value adjustment Computation of Falr Value Adjustment Available for Sale Securities Cost Falr Value Unrealized Amount Nintendo Co. notes Atlantic bonds Kellogg Co. notes McDonald's Corp. bonds Totals $ 85,000 $ 92,650 34.000 31.620 61,200 57,528 114.750 109.013 $ 294,950 $ 290,811 General Journal > Exercise 15-5 Fair value adjustment to available-for-sale debt securities LO P3 On December 31, Lujack Co. held the following short-term available-for-safe 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. apped Complete this question by entering your answers in the tabs below. ook Hint Fair Value Gerjeral Adjustment Journal 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 hield) View transaction list Priest Journal entry worksheet Record the year-end adjustment to fair valun, if any. Note Enter debits before credits General Journal Debi Credit Date Dec 31