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HELP PLEASE !!!!!!!!!!!! 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. Prepare
HELP PLEASE !!!!!!!!!!!!
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. 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 Adjustment General Journal Computation of fair value adjustment. Computation of Fair Value Adjustment Available for Sale Securities Cost Fair Value Unrealized Amount Gain or Loss? Nintendo Company notes Atlantic bonds Kellogg Company notes McDonald's Corporation bords Totals $ 81,700 $ 89,053 32,680 30,392 58.824 55 295 110 295 104,780 $ 283.499 $ 279,520 General Journal > Fair Value Adjustment General Journal Computation of fair value adjustment. Computation of Fair Value Adjustment Available for Sale Securities Cost Fair Value Unrealized Amount Gain or Loss? Nintendo Company notes Atlantic bonds Kellogg Company notes McDonald's Corporation bonds Total $ 81,700 $ 89,053 32,680 30,392 58,824 55,295 110,295 104.780 $ 283,499 $ 279,520 General Jo Unrealized gain Unrealized loss Fair Value Adjustment General Journal Prepare the December 31 year-end adjusting entry to record the fair value adjustment for these debt 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 Step by Step Solution
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