Kitty Company began operations in the current year and acquired short-term debt investments in trading securities. The year-end cost and fair values for its portfolio of these debt investments follow. Portfolio of Trading Securities Cost Fair Value Tesla Bonds $16,500 $12,375 Nike Bonds 26,000 27,300 Ford Bonds 6,500 5,200 Prepare journal entry to record the December 31 year-end fair value adjustment for the debt securities. View transaction list Journal entry worksheet