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On December 31, Lujack Co held the following short-term available for sale securities. Lujack had no short-term Investments prior to the current period. Prepare the
On December 31, 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 year-end adjusting entry to record the fair value adjustment for these debt securities Complete this question by entering your answers in the tabs below. Fair Value Adjustment General Journal Computation of fair value adjustment. Computation of Fair Value Adjustment Available-for-Sale Securities Cost Fair Value Unrealized Amount N Nintendo Co. notes $ 77.000 $ 84.911 31,160 28.079 Atlantic bonds Kellogg Co. notes McDonald's Corp. bonds Totals 56.088 52.723 105,165 99,907 $ 270,313 S 266,520 Fahr WE ALS General Journal > On December 31, 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 year end adjusting entry to record the fair value adjustment for these debt securities. Complete this question by entering your answers in the tabs below. Fair Value Adjustment General Journal Prepare the December 31 year-end adjusting entry to record the fair value adjustment for these debt 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 adjustment to fair value, if any. Note: Enter debits before credits Date General Journal Debit Credit Dec 31
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