Jerome, Inc., owned a single short-term available-for-sale security with a cost of $40,000 and a fair value of $40,500 at December 31 of the previous year. At that time, an adjusting entry was recorded for the fair value adjustment with a debit to Fair Value Adjustment, Available-for-sale for $500 and a credit to Unrealized Gain-Equity for $500. Jerome sold that security for $39,900 on January 4 of the current year. Complete the necessary journal entry for January 4th by selecting the account names from the pull-down menus and entering the dollar amounts in the debit and credit columns. (Assume that the portion of the entry that removes the balance in the Unrealized Gain -Equity and Fair Value Adjustment-Available-for-sale (ST) accounts will be made in a separate journal entry.) X Answer is complete but not entirely correct. No Date General Journal Debit Credit 1 Jan. 4 Cash 39,900 Loss on sale of debt investments 100 Unrealized gain - Equity 40,000