Fair Valoe Journal Entries. Available for Sale Investments The investments of Steelers Inc, include a single investment: $400,000 of Bengals Inc. 5% bonds purchased at 100 on January 1, 2017. These bonds were dassified as be for sale securities. As of the December 31, 2017, balance sheet date, the fair value of the bonds dedined to $392,800. 2. Journalist the entries to acquire the investment on January 1, 2017, and record the adjustment to fair value on December 31, 2017. If an amount box does not require an entry wave bank 2017. 2017 Dec. 33 How is the realized gain or loss for available for sale investments dactoned on the Inancial statements? Cerealized Gain (Less) on Available for Sale Investments is reported in the of the