Exercise 15-7 Adjusting available-for-sale securities to tair value LO P3 On December 31, 2015, Reggit Company held the following short-term investments in its portfolio of available-for-sale securities. Reggit had no short-term investments in its prior accounting periods. Prepare the December 31, 2015, adjusting entry to report these investments at fair value. (If no entry is required select No journal entry required in the first entry field.) Fair Value Adjustment Computation - Available for Sale Portfolic Cost Fair ValueUnrealized Verrizano Corporation bonds payable Preble Corporation notes payable Lucerne Company common stock Total $ 60,300 $54,900 45,400 83,600 $ 200,900| $. 183.900 53,600 87,000 View transaction list Journal entry worksheet Record the year-end adjusting entry for the securities portfolio Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Record entry Clear entry View general journal