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fair value adjustment

General journal

On December 31, 2020, London Company held the following short-term investments in its portfolio of available for sale securities. London Company had no short-term investments in its prior accounting periods Required: Prepare the December 31, 2020, adjusting entry to report these investments at fair value (Do not round Intermediate calculations. Round your final answers to the nearest dollar amount) Complete this question by entering your answers in the tabs below. Fair Value Adjustment General Journal Computation of fair value adjustment. Fair Value Adjustment Computation Available for Sale Portfolio Cast Fair Value Unread Amount Salwa Corporation bonds payable 56 000 $ 55.000 Apple Corporation noles payable 55 500 47.100 Ooredoo Comery common stock 82.100 70,000 Total $198.600 S 181,700 General Journal >