Exercise 15-8 Fair value adjustment to available-for-sale securities LO P3 On December 31, 2017, 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, 2017, year-end adjusting entry to record the fair value adjustment for these securities. Complete this question by entering your answers in the tabs below. Fair Value Adjustment General Journal Computation of fair value adjustment. Computation of Fair Value Adjustment Available-for-Sale Securities Cost Fair Value Unrealized Amount Nintendo Co. common stock Atlantic bonds payable Kellogg Co. notes payable McDonald's Corp. common stock Totals $ 67,700 27,080 48,744 91,395 $ 234,919 $ 73,793 25,184 45,819 86,825 $ 231,621 Prepare the December 31, 2017, year-end adjusting entry to record the fair value adjustment for these securities. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the year-end adjusting entry for the securities portfolio. Note: Enter debits before credits. General Journal Debit Credit Date Dec 31