Exercise 15-8 Fair value adjustment to available-for-sale securities LO P3 On December 31, 2015, Lujack Co. held the following short-term available-for-sale securities. Lujack had no short-term investments prior to the current period. Prepare the December 31, 2015, year-end adjusting entry to record the fair value adjustment for these securities. (If no entry is required select No journal entry required in the first entry field.) Computation of Fair Value Adjustment Cost Fair Value Unrealized Amount Available-for-Sale Securities Nintendo Co. common stock Atlantic bonds payable Kellogg Co. notes payable McDonald's Corp. common stock Totals $ 85,600 $ 93,304 31,843 61,63257,934 109,782 $ 297,032 $ 292,863 34,240 115,560 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