On December 31, 2017, Lujack Co. held the following short-term available-for-sale securities. Lujack had no short-term investments prior to the current period. Prepare the December 31, 2017, year-end adjusting entry to record the fair value adjustment for these securities.

Fair Value Adjustment General Journal Computation of fair value adjustment. Computation of Fair Value Adjustment Available-for-Sale Securities Cost Fair Value Unrealized Amount Nintendo Co. common stock $ 85,300 $ 92,977 Atlantic bonds payable 34,120 31,732 57,731 Kellogg Co. notes payable McDonald's Corp. common stock Totals 61,416 115,155 295,991 109,397 $ 291,837 $ Fair Value Adjustment General Journal Prepare the December 31, 2017, year-end adjusting entry to record the fair value adjustment for these 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 Record the year-end adjusting entry for the securities portfolio. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Record entry Clear entry View general journal