Exercise 15-8 Fair value adjustment to avallable-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 Cost Fair Value Available-for-Sale Securities Unrealized Amount $ : Nintendo Co. common stock Atlantic bonds payable Kellogg Co. notes payable McDonald's Corp. common stock Totals $ 68,900 28.760 48.168 90.315 $ 232.143 72.921 24.887 45,278 85.799 228.885 $ Fair Value Adjustment General Journal 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 Date General Journal Debit Credit Dec 31