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Kitty Company began operations in 2016 and maintains short term investments in trading securities. The year end cost and fair values for its portfolio of

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Kitty Company began operations in 2016 and maintains short term investments in trading securities. The year end cost and fair values for its portfolio of these investments follow. December 31, 2016 December 31, 2017 December 31, 2818 December 31, 2019 551 49 67 70 $42 60 83 62 Prepare journal entries to record each December 31 year end fair value adjustment for these above securities. 3 Answer is not complete. No General Journal Credit 1 Dec 31,2016 No Transaction Recorded 2 Dec 31, 2017 No Transaction Recorded 3Dec 31, 2018 No Transaction Recorded 4Dec 31,2019 No Transaction Recorded

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