On December 31, 2017, Reggit Company held the following short-term investments in its portfolio of available-for-sale securities. Reggit had no short-term investments in its prior accounting periods. Prepare the December 31, 2017, adjusting entry to report these investments at fair value.

Fair Value Adjustment Computation - Available for Sale Portfolio
	Cost	Fair Value	Unrealized Amount
Verrizano Corporation bonds payable	$61,600	$56,200
Preble Corporation notes payable	52,100	43,900
Lucerne Company common stock	88,200	84,800
Total	$201,900	$184,900

• Record the year-end adjusting entry for the securities portfolio.

Note: Enter debits before credits.

Date	General Journal	Debit	Credit
Dec 31