Exercise C$-6($Algo$)$ Fair value adjustment to available$-$for$-$sale debt securities LO P$3$

$00$:$11$:$01$

On December $31,$ Lujack Company held the following short$-$term available$-$for$-$sale securities$.$ Lujack had no short$-$term investments prior to the current period.

Skipped

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

General Adjustment Journal

Computation of fair value adjustment.

$\backslash$table$[[$Computation of Fair Value Adjustment$],[$Available$-$for$-$Sale Securities,,Cost,,Value,$\backslash$table$[[$Unrealized$],[$Amount$]],$Gain or Loss?$],[$Nintendo Company notes,$$,50,600,$$$,55,154,,],[$Atlantic bonds,,$20,240,,18,823,,],[$Kellogg Company notes,,$36,432,,34,246,,],[$McDonald$\text{'}$s Corporation bonds,,$68,310,,64,895,,],[$Totals$,$$$,175,582,$$$,173,118,,]]$